boomer, I reckon you're being unnecessarily negative on the range of possibilities. I'm not going to pretend to offer a definitive answer to X and Y, that would beyond my scope and likely yours. Treasury does costings and the whizzkids can avail themselves of those resources.
With respect, in the end we just differ in outlook. To me the principle of a rebate only system matters as it offers the integrity by which the taxpaying public know that imputation prevents double taxation but not non-payment of company tax. Its best practice.
For you, there is no principle in that respect but the goal is the end result. I wouldn't complain with the result but in the long run it is messier and it doesn't answer the integrity question. Why can company tax not be paid by an investor but we on PAYE (or GST or expenditure cuts) have to pay relatively more to make up the shortfall in lost company tax.
Whats a few more pins matter?
- Forums
- Political Debate
- Alp franking credit changes I want a straight answer
boomer, I reckon you're being unnecessarily negative on the...
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online