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Labor demands 200 big companies reveal if they used jobkeeper to pay dividends

https://www.theguardian.com/australia-news/2020/oct/19/labor-demands-200-big-companies-reveal-if-they-used-jobkeeper-to-pay-dividends

Exclusive: move comes amid disquiet over what’s been dubbed ‘dividendkeeper’, where the subsidy is used to prop up payments to shareholders

The Labor frontbencher Andrew Leigh has written to more than 200 big companies, including Apple, McDonald’s and Microsoft, asking them to reveal whether they have received jobkeeper subsidies and used the money to pay shareholder dividends or executive bonuses.

His move comes amid investor disquiet over what has been dubbed “dividendkeeper”, where companies use the subsidy, which was designed to keep workers hit by the coronavirus recession connected to their jobs, to prop up payments to shareholders.

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