There are a few problems but this is the main issue IMHO
Below was the original concept which Smurf and SP are talking about, all good.
" In 1987, then-treasurer Paul Keating introduced franking credits - also known as dividend imputation credits - to address the issue.
The change meant that...
China and North Korea are nuclear states that changes the dynamics some what the US could military interrupt raw materials into China (wouldn't be able to totally stop it totally) but that's what brought Japan into WWII.
Haha I was thinking no Aces but its a good point Trump made an agreement iron clad about Crimea just like tariffs breaks all agreements so what is the value of a deal worth in Trump world = 0
The Bond market understands this at least.
This became the case after 2000 and its not really sustainable, I and assume SP get franking credits yet I pay no tax as income is from super in pension phase so for us its welfare. It a total net negative to revenue just a hand out.
If a handout is required due to poverty or other fine but...
I don't understand how franking credits get paid out of government revenue when no tax has been collected to cover the cost?
If its net negative on revenue then its welfare.
That's what happened after 2000.
Has to be the most boring election in living memory wonder if that's a good thing politics shouldn't be entertainment like the reality / unreality absurd show in the US.
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