Close Unfair Tax Loopholes: End cash refunds for franking credits

Add Signature

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 --

6,474 signatures
Goal: 7,500 signatures

Will you sign?

: :

:

:

:

:

: :

: :

:

:

: :

:

:

: :

By signing this petition you accept the Australia Institute's Privacy Policy.

Latest supporters

Margaret Wheadon
Margaret Wheadon signed 2019-05-24 21:26:59 +1000
Tracie-Lee Goss signed 2019-05-24 19:47:31 +1000
Peter Hall
Peter Hall signed 2019-05-24 19:46:40 +1000
Mike Gray signed 2019-05-24 18:42:49 +1000
Debra Lancaster signed 2019-05-24 18:29:28 +1000
Raylee Marston signed 2019-05-24 18:22:18 +1000
Michael Rowlands signed 2019-05-24 18:01:02 +1000
Rodney Kiehne
Rodney Kiehne signed 2019-05-24 17:34:07 +1000
Jon Harriman signed 2019-05-24 17:33:18 +1000
Pat Deleo signed 2019-05-24 16:30:35 +1000
blake chant signed 2019-05-24 15:37:58 +1000
leigh milne signed 2019-05-24 15:34:46 +1000
Michael Nassar signed 2019-05-24 15:22:00 +1000
Nick Martin signed 2019-05-24 15:19:14 +1000
Tanya Fagg signed 2019-05-24 15:12:36 +1000
Jessica Blowers
Jessica Blowers signed 2019-05-24 15:10:39 +1000
John Bisiker signed 2019-05-24 15:06:08 +1000
Matthew Mulhall signed 2019-05-24 07:21:49 +1000
Anthony Bruzzese signed 2019-05-24 06:49:51 +1000
Adam Byrne signed 2019-05-24 06:33:39 +1000
Katie Osborne-Crowley
Katie Osborne-Crowley signed 2019-05-24 01:31:56 +1000
Patrick Nguyen signed 2019-05-23 21:48:29 +1000
James Hough signed 2019-05-23 19:29:31 +1000
Campbell McLennan signed 2019-05-23 14:58:47 +1000
Ryan Saunderson signed 2019-05-23 14:33:51 +1000
Jackson Cass signed 2019-05-23 13:10:50 +1000
Matt Wills signed 2019-05-23 11:09:07 +1000
Dee Pabst
Dee Pabst signed 2019-05-23 07:31:28 +1000
Lita Santos signed 2019-05-22 21:20:45 +1000
James Fugar signed 2019-05-22 21:06:16 +1000