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cmtoo 02-Apr-20, 13:58 |
 TaxationIt’s a pity that imputation credits are back on the table again. Not refunding imputation credits is bad policy. |
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Cintoo I've never heard of such a thing. Mo |
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Imputation credit <<<The Australian dividend imputation system is a corporate tax system in which some or all of the tax paid by a company may be attributed, or imputed, to the shareholders by way of a tax credit to reduce the income tax payable on a distribution. In comparison to the classical system, dividend imputation reduces or eliminates the tax disadvantages of distributing dividends to shareholders by only requiring them to pay the difference between the corporate rate and their marginal rate. If the individual’s average tax rate is lower than the corporate rate, the individual receives a tax refund. >>> America has similar methods for "helping" corporations save on it's taxes. Some of them are part of the tax code but others are called "loopholes", but the result is the same --- less taxes for Corporations and more pocket change for the rich. |
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cmtoo 21-Apr-20, 08:07 |
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