Published: July 16, 2019
The Australian businessman says he’s ‘so horrified’ by his cash rebate amount and wants the scheme means-tested
The Australian businessman Dick Smith has called for the franking credits system to be reformed after revealing he was once handed $500,000 in cash rebates in a single year.
When Smith was told he would soon receive what he called “ridiculous money”, he complained to the tax office and requested that the agency close down his self-managed super fund.
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