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Meet Frank. In Australia there’s a quirk in the tax system that can make you serious money when you invest. This opportunity comes from the fact that when you invest with shares, you receive part of the company’s profits paid out as ‘dividends’. In Australia, because tax has already been paid on these company profits, you receive a tax credit that directly offsets the tax you pay on your income. These tax credits are called ‘franking credits’, which you get paid when you receive ‘franked dividen
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