Close Unfair Tax Loopholes: End cash refunds for franking credits
The complexity of the Australian tax system hides many loopholes, one of the most unfair is the fact that some of Australia’s wealthiest citizens pay negative tax. The tax office actually pays money to people who have paid no tax themselves, and these people are some of the wealthiest in the country.
It's time this perverse tax loophole was closed.
Only by closing unfair tax loopholes can Australia implement progressive reforms like strengthening the social safety net, building social housing, investing in schools and universities, addressing climate change and improving health care.
We, the undersigned--
Call upon the Australian Parliament to guarantee that the tax system treats all Australians fairly and raises the revenue our community needs to fund vital services. Low income workers should not pay more tax than millionaires.
We call upon the Australian Parliament to abolish the practice of providing cash refunds for unused franking credits to people who pay zero tax, introduced by the Howard Government in 2000.
The policy mainly benefits the most wealthy of Australians and no other country does this. Currently, the Federal Government spends more on refunding franking credits than it does on funding public schools.
It's time to end this tax bonus for those who pay no tax.
ADD YOUR NAME --
6,462 signatures
Goal: 7,500 signatures
Latest supporters
Clark McConachy signed 2019-02-23 08:34:12 +1100
Benjamin Lakos signed 2019-02-23 08:34:08 +1100
Lou Pollard signed 2019-02-23 08:34:07 +1100
Lawrence Roberts @Lotto2012
tweeted
link to . 2019-02-23 08:34:02 +1100
Maureen Brown signed 2019-02-23 08:33:55 +1100
100% good opinions signed 2019-02-23 08:33:43 +1100
Michele Stephens signed 2019-02-23 08:33:32 +1100
Terry Hemmings signed 2019-02-23 08:33:26 +1100
Lawrence Roberts signed 2019-02-23 08:33:10 +1100
Peter Williams signed 2019-02-23 08:33:05 +1100
Christopher Howard signed 2019-02-23 08:32:54 +1100
Stephen Beeby signed 2019-02-23 08:32:09 +1100
Josie McSkimming signed 2019-02-23 08:31:57 +1100
Dale Curtis signed 2019-02-23 08:31:42 +1100
Howsrd Leslie signed 2019-02-23 08:31:11 +1100
Jennifer Armstrong signed 2019-02-23 08:30:47 +1100
Glenda Browne signed 2019-02-23 08:30:45 +1100
Reiner Schuler signed 2019-02-23 08:30:42 +1100
Ken Butler signed 2019-02-23 08:30:32 +1100
Maxwell in Sutter signed 2019-02-23 08:30:25 +1100
