Does the paragraph below imply that if the "scheme" goes ahead at the higher tax rate and shareholders are paid out say the $6 that PPT will continue to get a lower tax ruling? then if it was to fail we would be stuck with the lower payout and a higher tax implication, WTF!
Perpetual considers it has strong grounds to dispute this position. However, to do so, Perpetual would need to withhold sufficient funds to cover the ATO’s asserted corporate tax liability amount from any shareholder proceeds under the Scheme until completion of that process, which would be protracted, would only commence once Perpetual was assessed and there would be no certainty of the outcome.
What does PART IVA entail?
PPT Price at posting:
$20.66 Sentiment: Buy Disclosure: Held
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