The latest law passed by the government on the tax on share dividend is very unfair to ordinary working class people and retirees. Company profits are taxed at 26%, single-tiered, which means that if your highest tax bracket is less than 26%, you will not be entitled to claim the difference back in the form of rebate. It will not affect the rich as they would be paying the maximum on the scale. But for pensioners and those with low incomes, to invest in shares as a form of saving, they will now be penalised, as dividend as a form of income is now taxed at the top of the scale meant for the rich.