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 | ||
| Total support | 39% | 50% | 32% | 49% | 40% | |
| Total oppose | 30% | 22% | 44% | 21% | 35% | |
| Strongly support | 15% | 22% | 9% | 19% | 16% | |
| Support | 25% | 29% | 23% | 30% | 24% | |
| Oppose | 16% | 15% | 21% | 14% | 16% | |
| Strongly oppose | 14% | 7% | 24% | 7% | 19% | |
| Don’t know | 31% | 28% | 24% | 30% | 25% |
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%).