May
‘A tax on a tax refund’: Franking credits to be hit by Labor’s $3m super grab
Labor’s proposed legislation in effect will be a levy on a tax refund that investors receive for corporate tax paid by companies they invest in.
Tim Wilson and Geoff Wilson together again, at last
There’s the opportunity for a campaign manager to join them in their fight against Labor’s tax changes for $3 million super fund accounts.
How to spot and win from the ASX’s franking credit hoarders
New research from Macquarie has identified the listed companies most likely to distribute their franking credits through special dividends and buybacks.
The family trust blunder that could send you bankrupt
The tax office is scrutinising family trust distributions dating back decades. Some trustees have been shocked to receive bills worth hundreds of millions of dollars.
April
Investor groups urge Labor not to extend tax on unrealised gains
A coalition of self-funded retirees, small businesses and farmers is demanding it rule out extending its taxation of unrealised gains to other investments.
September 2024
Bank investors face $1b franking credit hit
Hundreds of thousands of bank investors stand to lose tax credits under the prudential regulator’s plan to phase out hybrid securities.
May 2024
‘Super-sized hole’ in budget as Treasury revises tax take
Treasury has cut $11 billion from its four-year estimates of revenue from superannuation taxes, as “overly large tax concessions” keep benefiting the richest retirees.
March 2024
UK’s new tax slug could force expat Aussies home
Australians living in the UK for more than four years will lose the benefits of negative gearing and franking credits on their property and shares.
November 2023
Franking credits deal close in Senate
Reinvested dividends and banks raising capital to bolster their balance sheets will be carved out of a government tax crackdown on franking credits.
October 2023
Labor’s franking credit changes raise bigger questions
The government’s planned changes raise a legitimate question about the long-term future of dividend imputation.
August 2023
PM must pluck up the courage to hold a COVID-19 inquiry
Pandemic royal commission; Woolies’ underpayment consequences; ID copies are risky; AiG/AFR tax calls; Vic gas ban; Ukraine war; the problem with strong leaders; don’t mess with Picasso.
June 2023
Franking credit change will be targeted: Assistant Treasurer
Stephen Jones says the government wants to ensure tax changes to franking credits do not shut down legitimate capital raisings by companies tapping shareholders to fund investments.
Government to consider amending franking credit changes
A Senate committee wants to tweak the Albanese government’s crackdown on franking credits because it could accidentally hit banks and start-up companies.
May 2023
Franking system fiddle will just create bigger problems
Treasury’s proposed changes will have wide and unintended consequences on small businesses and their shareholders, and even risk slashing company tax revenue, damaging the federal budget.
Treasury says investors are wrong on franking credit changes
Claims that the government is out to destroy the franking credit system have been rebuffed by Treasury and the Tax Office.
Banks and fundies fear franking credit hit
Franked dividends paid to shareholders could be disallowed by the Tax Office under the government’s proposed crackdown on capital raisings and share buybacks.
April 2023
Will I lose franking credits from my dividends?
John Wasiliev explains why you shouldn’t be alarmed by the changes to the franking credit rules and what they mean.
Tax investors to pay working mums, Treasury suggests
Assistance to encourage mothers and the jobless to work more may need to be funded by reducing tax breaks for investors, Treasury boss Steven Kennedy has signalled.
March 2023
Stephen Jones gaslights retirees on buybacks
The assistant treasurer doesn’t seem to understand the point of the tax minimisation strategy his government is abolishing.
Franking credit crackdown faces Senate inquiry
Shareholders of companies raising capital could have their franked dividends disallowed under a new tax law proposed by the government, advisers have warned.