Agree Paul. Shameful Fairfax Dross.
Any argument against the present dividend imputation system is advocating a return to the bad old days of double taxation?ie taxing the same company earnings twice, which is the hallmark of dumb policy. Even Keating understood that. The DIS really is one of the greatest features of our tax system.
These socialist pinheads just don?t get the idea that we need hardworking and enterprising people in this country to be able to do okay ? and to retain the after-tax fruits of their endevour, particularly in their senior years. But no, it seems the Robin Hood push is on to reach deep into those pockets to spread cheer to others.
Rather a slanted opinion to decree openly that 300,000 SMSFs are undermining the federal budget. Really ? But their talk about Dividend Imputation is merely a smokescreen for the real thrust of the article. The reporter and ?expert? Mr Baker go on to push their own solution for a great big brand new earnings tax on super funds in pension phase. What wonderful journalism. Who appointed these two as policy advisors for the nation?
The bitter headline and selective quotes in articles such as this have me hoping that Ms Rinehart soon gives this woeful media outlet the much needed de-tox it so richly deserves.