Sentences with phrase «imputation system»

Putting issues of residency, ATO cashflow and frankable profits to one side — Companies are merely limited liability investment vehicles and simply «prepay» tax under the current imputation system.

The imputation system was introduced to ensure that taxpayers in effect only paid «top up» tax on dividends, being the difference between the corporate rate and the shareholder's higher tax rate.

The income effect may be even more prominent for domestic market participants who could benefit from the imputation system.

Other more sweeping reform options would address double taxation by allowing shareholders credits against personal taxes for tax levied at the corporate level (an «imputation system») or by passing corporate profits through to shareholders, similar to the tax treatment of partnerships and S - corporations («corporate tax integration»).

Not exact matches

The establishment of the innocent and genuine character of this benevolent moralist (Jesus), and the rescuing it from the imputation of imposture, which has resulted from artificial systems [E.g., The immaculate conception of Jesus, his deification, the creation of the world by him, his miraculous powers, his resurrection and visible ascension, his corporeal presence in the Eucharist, the Trinity, original sin, atonement, regeneration, election, orders of Hierarchy, etc.] invented by ultra-Christian sects, unauthorized by a single word ever uttered by GOD!