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clock Created with Sketch. 02/03/19
12:51
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Originally posted by tinhat
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It is evident from the conversation here that a lot of investors in NAB and the banks are likely to be self funded retirees chasing franking credits.
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That's a great summary tinhat. Until we have a government with enough courage to overhaul the tax system fully, a better interim measure than the current Labor proposal would be a simple cap on franking refunds, rather than a total abolition. This would enable those with a low income who rely on the franking refunds to continue living without government support.
(20min delay)
