Jobkeeper doubled return for investors compared to companies that did not have subsidy

Jobkeeper doubled return for investors compared to companies that did not have subsidy

The Guardian

.

.
.
.

Exclusive: Labor says analysis shows millions of dollars in jobkeeper money has been used to pay dividends to billionaires

An investor who put money into companies that received the Morrison government’s jobkeeper payment would have received almost twice the return as someone who invested in companies that did not receive the wages subsidy, new analysis shows.

The analysis, conducted for Labor frontbencher Andrew Leigh, shows that someone who invested a dollar in each of a basket of jobkeeper companies in March last year would have all but doubled their money, receiving a return of 99.2%.

Continue reading…