At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?
- Written by Ben Phillips, Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
Those who'll miss out the most have very high wealth.ShutterstockLabor is banking on about A$5 billion per year from ending the cash payment of company tax refunds to dividend holders who don’t pay tax.
It’ll exempt charities, non-profits, pensioners and part pensioners and other Australians on government allowances, including future...