Tasmanian Times

pressreleases

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 …

Read here
The Saturday Paper

Author Credits: [show_post_categories parent="no" parentcategory="writers" show = "category" hyperlink="yes"]

Receive our newsletter

Copyright © Tasmanian Times. Site by Pixel Key

To Top