#372 Bonus: Labor's crackdown on franking credits the start of dismantling franking system?
Fund manager Geoff Wilson has made of Wilson Asset Management says that changes to the franking system by the Federal Labor government will significantly impact companies.
The franking credit system was introduced by then-treasurer Paul Keating in 1985 to stop the double taxation of dividends. Franking credits, or imputation credits, are tax credits paid alongside company dividends for imputed tax already paid by an Australian company.
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