Franking credit debate far from over, says KPMG
While the Coalition election victory has eased worries about changes to franking credit refunds, the fiscal consequences of retaining these refunds still needs to be considered, says a big four firm.
The backlash to Labor’s proposal to end cash refund for excess dividend imputation credits in the run up to the federal election has been well documented, but much of the discussion missed out on the tax policy it was trying to address, said KPMG partner Damian Ryan.
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