Q. When companies pay dividends to Australian shareholders out of after-tax profit, shareholders receive franking credits, which they can claim as a tax deduction. If the shareholder does not pay any tax, they receive a cash refund from the tax office. This system is known as “dividend imputation” and these cash payments cost the Government about $8 billion per year. The Labor Party has proposed to end the cash refunds for imputation credits. Taxpayers will still be able to claim a tax deduction. Do you support or oppose ending the cash refunds?
|Total||Vote Labor||Vote Lib/Nat||Vote Greens||Vote other|
Those most likely to support ending the cash refunds for imputation credits are aged under 34 (54%), Labor voters (50%), Greens voters (49%), full-time workers (46%), those with a household income of over $78,000 (48%) and those who are university educated (46%).
Those who are most likely to oppose the idea are aged over 55 (42%) and Coalition voters (44%).
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