Professor John Hewson remarked on this tax concession recently, stating that: ‘I think the bottom line is that in economic terms, it [cash refunds] doesn’t make any sense at all’ (Tax Forum, McKell Institute, 2 March 2018).
Source: Chris Bowen MP
Comment: His mentor, Paul Keating INTRODUCED the dividend imputation policy.
Here is Keating debating the GST with John Hewson. Hewson is saying that if he is elected, he will ‘cut the size of the public sector’. Will Bowen follow that advice too?