The SMSF Association has drafted a letter that you can send to Federal Members of Parliament (MPs) and Senators to express your opposition to Labor’s franking credit policy. The letter details the policy weaknesses and unfairness of the Labor policy. This letter can be used for you to send a personal letter to your MP…
SMSF Association’s Policy Position: Labor’s Proposed Imputation Credit Policy
Dividend imputation system distorted The SMSF Association supports the current policy settings for the dividend imputation system. The current system prevents double taxation on company profits and ensures shareholders are taxed on company profits at their marginal tax rate. A shareholder in a company is therefore in the same economic position as a sole proprietor…