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Motion:
That we should abolish Franking Credits.
This motion created by Charles Fedor
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0 votes for / 1 vote against
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This debate is located in Canberra ACT, Australia
Motion
That we should abolish Franking Credits.
This motion created by Charles Fedor
This user hasn't uploaded an avatar yet.
Results
0 votes for / 1 vote against
The Debate
Australia is one of the only countries in the world to have tax deductible shares. This issue received widespread media attention in the 2018 Australian Federal election in which Labor attempted to remove franking credits, citing its' cost to the Treasury in addition to it preferencing relatively wealthy retirees. In defence of the system, Liberals argued that the abolition would hurt self funded retirees and create a welfare dependency. Though the Liberals were returned to government, Franking Credits remain a hot button issue for both young people, and those who have retired.
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Australian Parliamentary Report on Divident Imputation: https://www.aph.gov.au/DocumentStore.ashx?id=e9d9090d-8b67-4588-b870-90b3a1ba35d8&subId=662135
ABC Fact Check on Dividend Imputation: https://www.abc.net.au/news/2019-01-30/fact-check-labors-dividend-imputation-policy/10626204
*This video is used for educational purposes and for the love of debating. This may not reflect the personal views of the person speaking.
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