About: Australian dividend imputation system

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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.

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rdfs:label	Australian dividend imputation system (en)
rdfs:comment	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. (en)
dct:subject	Tax terms Corporate taxation Dividends Taxation in Australia
Wikipage page ID	57382752 (xsd:integer)
Wikipage revision ID	1104691186 (xsd:integer)
Link from a Wikipage to another Wikipage	Capital gains tax Bob Hawke Paul Keating Peter Costello Derivative (finance) Double taxation Income Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Income tax Income tax in Australia Tax credit Committee for Economic Development of Australia Corporate tax Corporate behaviour Ordinary income Withholding tax 2019 Australian federal election Australia Australian Labor Party Australian Taxation Office Tax terms Dividend imputation Dividend stripping Dividend tax Corporate taxation Preferred stock Dividends John Howard Dividend Taxation in Australia Interest New Zealand Incentives Shareholder Tax-free threshold Australian corporate tax rate Imputation (economics) dbr:Increase_shareholder_wealth
Link from a Wikipage to an external page	http://www.ato.gov.au/businesses/content.asp%3Fdoc=/content/33018.htm&pc=001/003/066/002/002&mnu=&mfp=&st=&cy=1 http://www.lateraleconomics.com.au/outputs/CEDA%20Tax%20cuts%20to%20compete.pdf https://web.archive.org/web/20060103150624/http:/www.ato.gov.au/individuals/content.asp%3Fdoc=%2Fcontent%2F57285.htm
sameAs	Australian dividend imputation system Australian dividend imputation system
dbp:wikiPageUsesTemplate	dbt:Main dbt:More_citations_needed dbt:Reflist dbt:Use_dmy_dates
has abstract	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. The objective of the dividend imputation system is to eliminate double taxation of company profits, once at the corporate level and again on distribution as dividend to shareholders. Under the previous system, the company and shareholders had an incentive for the taxed income of the company to be retained by the company, or for the business activity not to be undertaken using a corporate structure. (en)
prov:wasDerivedFrom	wikipedia-en:Australian_dividend_imputation_system?oldid=1104691186&ns=0
page length (characters) of wiki page	22899 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Australian_dividend_imputation_system
is rdfs:seeAlso of	Taxation in Australia
is Link from a Wikipage to another Wikipage of	Income tax in Australia Taxation in Australia
is foaf:primaryTopic of	wikipedia-en:Australian_dividend_imputation_system

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