I rely on dividends and franking credits for a large part of my income. I am happy to lose a small part of this income for a short time if it helps to see off what is undoubtedly the worst six years of government this country has seen. Those against the paid parental leave scheme fail to consider that in the event of a change in government conditions might improve to the extent that company profits increase, effectively nullifying the higher tax. Also if the Coalition can return the budget to surplus (a herculean task) this tax can be axed.
Thank you to Bruce Teele and Robert Gottliebsen for bringing Bruce's comments to Eureka Report subscribers (see Seven secrets from an investment master).