Tasmanian Times

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. No price is too high for the privilege of owning yourself. ~ Friedrich Nietzsche

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. No price is too high for the privilege of owning yourself. ~ Friedrich Nietzsche

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The Briefing … Labor cancels cash refunds to taxpayers

Good morning, and welcome to The Briefing.

Federal Labor will cancel cash refunds to taxpayers who claim tax credits on their dividends, potentially saving $5.6 billion a year.

Opposition leader Bill Shorten will announce Labor’s intent to scrap the refunds in a speech to the Chifley Research Centre in Sydney today, saying current policy gifts “unsustainable largesse for high-income earners”. The policy, which would affect about 8 per cent of taxpayers and 200,000 self-managed superannuation funds, likely signals Labor’s intent to target rules benefiting wealthy voters in the run-up to the next federal election …

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The Saturday Paper

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