Proposal to abolish refundability of Franking Credits, page-376

  1. 5,995 Posts.
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    It is far simpler for Shorton and company to hit SMSF's as his perceived tax rorters than it is for them to crack down on the REAL tax rort of

    Australian Companies "borrowing" shares from overseas Institutions/Companies/Funds and claiming the franked credits...then handing the shares back paying a small stipend for the usage...

 
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