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Franking credits

This Month

Stephen Jones: deeply immersed in the insurance industry.

Labor’s franking credit changes raise bigger questions

The government’s planned changes raise a legitimate question about the long-term future of dividend imputation.

  • John Kehoe

August

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PM must pluck up the courage to hold a COVID-19 inquiry

Pandemic royal commission; Woolies’ underpayment consequences; ID copies are risky; AiG/AFR tax calls; Vic gas ban; Ukraine war; the problem with strong leaders; don’t mess with Picasso.

June

Assistant Treasurer Stephen Jones is having Treasury review the proposed legislation.

Franking credit change will be targeted: Assistant Treasurer

Stephen Jones says the government wants to ensure tax changes to franking credits do not shut down legitimate capital raisings by companies tapping shareholders to fund investments.

  • Updated
  • John Kehoe
Assistant Treasurer Stephen Jones.

Government to consider amending franking credit changes

A Senate committee wants to tweak the Albanese government’s crackdown on franking credits because it could accidentally hit banks and start-up companies.

  • John Kehoe

May

Assistant Treasurer Stephen Jones.

Franking system fiddle will just create bigger problems

Treasury’s proposed changes will have wide and unintended consequences on small businesses and their shareholders, and even risk slashing company tax revenue, damaging the federal budget.

  • Jesse Hamilton
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What are franking credits, and who benefits from them?

Treasury says investors are wrong on franking credit changes

Claims that the government is out to destroy the franking credit system have been rebuffed by Treasury and the Tax Office.

  • John Kehoe
Dividends could help shore up an otherwise volatile market.

Banks and fundies fear franking credit hit

Franked dividends paid to shareholders could be disallowed by the Tax Office under the government’s proposed crackdown on capital raisings and share buybacks.

  • John Kehoe

April

Will I lose franking credits from my dividends?

John Wasiliev explains why you shouldn’t be alarmed by the changes to the franking credit rules and what they mean.

  • John Wasiliev

Tax investors to pay working mums, Treasury suggests

Assistance to encourage mothers and the jobless to work more may need to be funded by reducing tax breaks for investors, Treasury boss Steven Kennedy has signalled.

  • Michael Read and John Kehoe

March

Traumatising? Wilson Asset Management’s Geoff Wilson and shareholders protest the then-Labor opposition’s dividend imputation changes in 2019.

Stephen Jones gaslights retirees on buybacks

The assistant treasurer doesn’t seem to understand the point of the tax minimisation strategy his government is abolishing.

  • Myriam Robin
The S&P/ASX 200 rose 0.6 per cent or 45 points to 7328.6 on Monday.

Franking credit crackdown faces Senate inquiry

Shareholders of companies raising capital could have their franked dividends disallowed under a new tax law proposed by the government, advisers have warned.

  • John Kehoe

January

Angus Barker has joined franking credit champions WAM Capital.

Labor’s franking credit proposal will spark ‘return to bad old days’

Angus Barker, a former chief of staff to ex-financial services minister Jane Hume, has joined WAM Capital and warns against chipping away at dividend franking.

  • Lucy Dean

December 2022

Taking on the gas giants.

Letters: Let’s drop energy blame game

Energy price cap; climate change; gas industry outcry; franking credits; Australia’s economic direction under Albanese; ‘stubborn’ journalists.

November 2022

Assistant Treasurer Stephen Jones is trying to spin the proposed policy changes as “closing loopholes”.

Franking credit broken promise is Labor’s retirement tax 2.0

Eliminating the payment of franked dividends to Australian investors through off-market share buybacks is an underhand attempt to destroy the system Paul Keating created.

  • Geoff Wilson
Geoff Wilson taking on the minister.

‘Back-door attempt to dismantle the franking system’

Fund manager Geoff Wilson has accused the Labor government of breaking an election promise with changes to off-market share buybacks.

  • Lucy Dean
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October 2022

Self-funded retiree Patricia Manfredi is upset about franking credit changes.

Angry retirees slam ‘obscene’ changes to retirement income

The federal government is accused of undermining self-funded retirees with two changes to capital raisings and franking credits in a month, despite election promises the system would not be changed.

  • Updated
  • Duncan Hughes
Banks will be among the companies affected by the change to off-market share buybacks.

Banks to opt for dividends after buyback crackdown

The Albanese government’s crackdown on share buybacks could cause banks to resort to paying more special dividends to distribute franking credits.

  • John Kehoe

Share buybacks hit in $550m crackdown

A tax loophole used by big companies will be plugged to stop the “streaming” of franked dividends, in a move estimated to raise hundreds of millions of dollars.

  • John Kehoe
Dominic Lorrimer

Geoff Wilson takes anti-tax campaign to 130,000 shareholders

The fund manager is urging his investors to lobby MPs to stop planned changes to tax rules for franked dividends funded by capital raisings.

  • John Kehoe
Labor says franking credits on corporate balance sheets were not supposed to be used as an “asset”.

Labor signals delay to franked dividend hit

Assistant Treasurer Stephen Jones has signalled the government may delay the start date of its crackdown, but won’t back down on the “tax integrity” measure.

  • John Kehoe