Chairman of Wilson Asset Management Geoff Wilson has told Sky News says he has put together a petition opposing Labor’s changes to dividend imputation, asking his shareholders to sign up. Mr Wilson says he has no problem with the wealthy paying more tax, but he opposes the government sapping income from self-managed retirees who have saved all their life. He described the changes to the dividend imputation system — of 20 to 30 per cent — as ‘appalling’. His comments follow a presentation with shareholders where ‘100 per cent of people put their hands up’ when asked if the the tax changes would impact them.
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