Not quite so optimistic.
Two government claims about the apparent boost to the economy of company tax are put to the test.
George Bush’s infamous Bush Tax Cuts have dogged America’s finances ever since.
In 2003, US President George W. Bush campaigned on a 10-year ‘economic plan’ for "jobs and growth". If it sounds familiar, it should.
Australia’s relatively high corporate tax rate is said to deter foreign investors while the dividend imputation system does nothing to attract them.
If our dividend imputation system makes it unattractive for non-resident investors in Australian companies, why not extend tax offsets on franked dividends to them?
Dividend washing enables some domestic investors to essentially gain a dividend “twice”.
Image sourced from www.shutterstock.com
There is currently considerable interest in the practice of “dividend washing”. This refers to the practice of investors being able to trade shares cum-dividend for a period after the ex-dividend date…