Ann: Dividend/Distribution - WPL, page-10

beyond a 30% tax rate this new policy by labor won’t effect investors. I’m top tax bracket as well, this policy does nothing, I still pay a significant amount of tax beyond the franking credit. Then use family planning and asset restructured for the self managed super fund. Company structure not effected at all, no change.

id also rather reinvestment and subsequent growth. As mentioned above Senegal and Myanmar are non Australian assets, thus will not pay Australian tax, thus no franking credits generated from those operations. We can passively consume the franking credit balance on the profit from those offshore earnings. Also won’t be subject to any horrid labor policies that might want a little more tax (you know they can’t stop spending).