Sneaking through a $1 billion tax hike

Last year’s dividend payouts indicate a Coalition franking credit slug to investors of $1 billion annually. The chilling question for Tony Abbott is how many investors will understand this.

The problem with becoming a nation of shareholders, as we did after the Keating compulsory super reform, is that not every working Australian understands what’s in their retirement portfolio, or how market and regulatory conditions, and fees, affect their retirement wealth.

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