Dividends

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Jan 7 07:37:43 PST 2003



> ... the way in which you do it is to move to an
> "imputation" system. Every time you get a dividend, it is counted as
part
> of your taxable income, but with the dividend you get a tax credit
> reflecting the corporation tax that has already been paid on the
earnings
> out of which the dividend comes.

FWIW, I think Canada does this.



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