We're not for turning on franking credits: Shorten

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Bill Shorten has declared the Labor Party's position on ending refundable tax credits is 'not for turning', saying there was no logic to them

 

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Good on you bill they Cut the pension for the poor and the rich they have a credits what a load of rubbish

Socialist theories back in vogue? Worrying? More socialist than Greens? Think again, comrade Bill!!

How does attacking the retired tackle inequality. Hit the top end and bring everyone up to the position where we all can be self funded retirees. Don’t attack those who cannot defend or change their circumstances in retirement

but d money saved would go to bigger foreign aids to corrupt gov like Timor &PNG Doubling refugees intake would cost $2bils For all d pain to pensioners they wont gain extra cash

Why can I now not help but associate Bill Shorten and Margaret Thatcher?

Seeing is believing.

He is clueless. Pity help Australia is this idiot becomes our PM.

Under the R&D Scheme, businesses receive a cash refund if they do not make a profit and so have no tax to pay. Year after year businesses continue to declare no profits and continue to receive cash refunds. But Retirees are yo be punished by labor. 🤬

Therefore stop the taxable claim people use when they have an income as well

billshortenmp Pl consider: You: Salary 400,000 share investments 4,000,000. Dividends $200,000, Franking credits $86,000 you get tax return for the entire franking credits, costing the Tax office $86,000 . And that is OK?

Hey Bill, what do the people of Australia actually want? There’s a concept you’ve clearly not looked into! Mind you, neither have the Rightwingnuts!

Might cost you an election!

Hey Bill, you’re turning alright mate - turning certain victory into defeat. Remember every pensioner, self funded or not, who will now be subject to double taxation has connections - sons and daughters, grandchildren: who vote! Used to be Electricity Bill, now it’s Robbin Bill !

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