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Dividend imputation or low company tax?

Geoffrey Kingston

JASSA: The Finsia Journal of Applied Finance2015https://doi.org/10.4225/50/583f4c508ab5carticle
ABDC B
Weight
0.46

Abstract

Recent OECD data offer limited support for the proposition that our company tax rate could be cut substantially with little or no loss of tax revenue. Treasury‐type analysis suggests otherwise: our headline rate could be cut to 20 per cent if abolishing dividend imputation were used to finance a cut in the headline rate. But this type of exercise relies on strong assumptions, and imputation mitigates other idiosyncrasies of our tax system. Accordingly, abolition of imputation should await a cut in our top marginal personal rate along with a transition to back‐end taxation of most superannuation accounts.

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https://doi.org/https://doi.org/10.4225/50/583f4c508ab5c

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@article{geoffrey2015,
  title        = {{Dividend imputation or low company tax?}},
  author       = {Geoffrey Kingston},
  journal      = {JASSA: The Finsia Journal of Applied Finance},
  year         = {2015},
  doi          = {https://doi.org/https://doi.org/10.4225/50/583f4c508ab5c},
}

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Evidence weight

0.46

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.