Labor tax policy to hit more retirees
The Australian - Page 7 : 26 March 2019
Original article by Michael RoddanRoy Morgan Summary
New data from the Australian Taxation Office suggests that Labor's plan to abolish cash refunds for excess dividend imputation credits if it wins the federal election will affect 910,000 investors. This is about 10,000 more than originally estimated, and is based on tax records for the 2016-17 financial year. Treasurer Josh Frydenberg has described Labor's policy as a "shameless tax grab". Some 13,000 voters in his seat of Kooyong would be affected by the policy.
