John Passant takes a look at franking credits and explains what all the fuss is about.
company tax
On the day Tony Abbott was rolled, one of my family members, who lives in Malcolm Turnbull's electorate of Wentworth, posted a one line warning on Facebook: "Beware the silver fox." Well, it proved true remarkably quickly.
A concerted attack on Medicare is in full swing and it has one clear objective: dismantling public health care and replacing it with a US-style privatised system that costs more, delivers inferior outcomes and leaves the poorest to die.
鈥淏usinesses like making profits鈥, said Labor leader Julia Gillard on ABC鈥檚 Q&A on August 9. She was explaining why Labor opposed the Coalition鈥檚 proposal to raise the company tax rate by 1.5%. 鈥淚f they鈥檝e got to pay more tax and that鈥檚 going to cut into their profits, then they鈥檒l think of a way of adding a bit more profit.
鈥淲hat鈥檚 the best way of adding a bit more profit in? They put up prices.
鈥淚t, you know, just stands to common sense reason, doesn鈥檛 it?鈥
The Greens lead NSW senate candidate Lee Rhiannon agrees.