Labor rules out franking credit changes

Shadow treasurer Chris Bowen has ruled out making changes to Labor's controversial franking credits tax policy ahead of the upcoming election.

1 min read

Published 3 April 2019 11:18am

Source: AAP

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Labor has ruled out making any changes to its contentious franking credits tax policy.

Shadow treasurer Chris Bowen is persevering with plans to scrap the multi-billion dollar cash refund scheme, which is utilised by self-funded retirees.

Asked by reporters in Canberra on Wednesday if he was considering changing the policy ahead of the upcoming election, Mr Bowen replied: "No."

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