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Federal Labor announces tax refund cuts for self-funded retirees

The Federal Opposition has revealed a new tax plan, to wind-back a Howard-era policy which allows shareholders to convert tax credits into a refund.

Opposition leader Bill Shorten made the announcement this morning, claiming stopping wealthy investors who pay no tax from getting cash refunds could fund future tax cuts for low and middle-income earners.

Mornings with Gareth Parker sought to unpick the new plan, speaking with Shadow Assistant Treasurer Andrew Leigh, and Paul Drum from CPA Australia.

 

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