Geoff Wilson is primed for another franking credits fight
And this time around the prominent fund manager wants to form an unlikely alliance to fight changes to the dividend imputation system — with the federal Greens.
“We will fight even harder than we did in the lead up to the 2019 election on this,” Wilson Asset Management founder and chief investment officer Geoff Wilson tells me in a phone call. “We will take it to the next election and the one after.”
It’s never clear exactly which issue — or combination of them — wins or loses an election. But even the most dispassionate political watcher would admit that Wilson had a significant effect in the 2019 campaign.
The prominent and well-respected fund manager launched a grassroots campaign against Labor’s plan to ban excess franking credit refunds. It was dubbed a “retiree tax” and became an issue that many observers believe contributed to Bill Shorten's unexpected election loss.
So when Wilson says he's ready for round two of the fight, it's hard to dismiss.
