A less-than-frank Coalition funding gap

New information shows Joe Hockey is likely to be disappointed if he expects his 'no franking credit' levy, a quiet hit on retirees, to raise up to $1.5 billion to offset the parental leave plan.

The fact that Prime Minister Kevin Rudd missed a chance to trap Tony Abbott in the second debate has created a volley of new research on what will be raised from savers by reducing franking credits by lowering the company tax and matching it with a 'no franking credit' levy on large companies. 

Joe Hockey may raise less from retirees than he was counting on.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles