Labor tax plan riles up Government, shareholders group

A new Labor proposal to reform the tax system has triggered criticism from the Turnbull Government and shareholder associations.

Opposition Leader Bill Shorten announces plan Source: AAP

 

The plan would result in some investors losing their rights to dividends on investments, but critics say self-funded retirees would be the hardest hit. Labor maintains the move would target wealthy investors who pay no tax and still get cash refunds.