Bill Shorten doubles down over franking credit cash rebates

Bill Shorten doubles down over franking credit cash rebates
 

Bill Shorten has doubled down on his plan to abolish franking credit cash rebates for retiree investors, branding the status quo “millionaires’ welfare” bankrolled by ordinary Australian taxpayers.
Speaking to reporters in Brisbane, the Labor leader rejected calls to water down his policy proposal, or exempt pensioners, following a vigorous initial backlash from seniors groups, the self-managed superannuation fund industry and shareholders lobby groups.
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14 March 2018 in World News, Views: 42
Source: Guardian
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