4 stocks to benefit from a Shorten government

Financial journalist and commentator on 3AW and Sky Business
Print This Post A A A

With the polls shifting further in favour of the Australian Labor Party in the wake of August’s defenestration of Prime Minister Turnbull, attention is starting to focus on the prospect of Prime Minister Bill Shorten. Paul outlined what we can expect from a Shorten government last week, but to recap, Labor has said it will alter the dividend imputation rules to stop investors from claiming a cash refund on franking credits that exceed their tax obligations. Labor also proposes to halve the capital gains tax (CGT) discount for all assets purchased after a yet-to-be-determined date after the next election, and ban negative gearing on property investments unless it is a new building. We also know that Labor will commit to a 50% renewable energy target for Australian electricity, and much higher carbon dioxide emissions reductions targets for Australia.

Log in or take a free 21 day trial to read further
(You won’t need to leave this page)

Also from this edition