"Its aim was to align the tax rate that the earnings that a...

  1. 5,647 Posts.
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    "Its aim was to align the tax rate that the earnings that a shareholder was entitled to, from the activities of the company, with there marginal rate."

    I doubt that. You've taken it a step too far saying it wasn't to avert double taxation but to align with their marginal rate (even if that has been offered as political spin). If that were the case it wouldn't have been an exhaustible rebate. But by nature, it will align with the one's marginal rate. 

    The rule was that the company tax be paid and remain paid.

 
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