TITLE

A lighter tax load

AUTHOR(S)
Walker, Chris
PUB. DATE
February 2007
SOURCE
Money (Australia Edition);Feb2007, Issue 87, p93
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses how dividend imputation, where a company paying the dividend imputes or credits to the shareholder the amount of tax paid on the dividend the shareholder receives, are taxed in Australia. Franked dividends are those distributed to shareholders from the company profits on which tax has already been paid. When some firms pay dividends out of funds on which no company tax has been paid, they are known as unfranked dividends.
ACCESSION #
24224851

 

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