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Super funds in unlawful franking credit grab: ATO

The Tax Office has caught several large superannuation funds using complex financial arrangements to unlawfully bank $50 million in extra franking credits without taking on any real commercial risk.

Super funds in unlawful franking credit grab: ATO
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The behaviour has been flagged as an emerging risk by the Australian Tax Office, which published a taxpayer warning on Tuesday.

Read the full article on the Australian Financial Review.

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