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This reporting season, take the earnings figure with a grain of salt when the CEO has outsized influence.
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Why it’s time to reconsider an idea that was popular with economists during the great depression.
According to an investigation by a consortium of journalists, certain tax practices in banks have led to a loss of revenue of 150 billion euros over 15 years in Europe.
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Five major banks are now in the crosshairs of the French financial prosecutor’s office. Of what are they accused? Here’s the lowdown.
Bed Bath & Beyond has spent billions in recent years on share buybacks.
AP Photo/Ted Shaffrey
The retailer has spent nearly $12 billion buying back its own stock since 2005, money that could have been used to invest in its business.
When it comes to shareholder credits, shareholders prefer their corporations pay the standard tax they owe — not a lower tax — to ensure higher cash flows.
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Incentives, like shareholder credits for corporate taxes paid, mean that shareholders want their corporations to pay taxes.
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Rather than imposing a straight fine, taking away franking credits would ensure shareholders feel more pain when companies misbehave.
One month after the beginning of the crisis, the CAC40 lost 39% of its value.
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Financial theory shows that the dividend is economically neutral, although it helps to reassure the shareholder psychologically.
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Wages are going backwards, loans are in arrears, companies are being kept alive by government support and an exemption from insolvency rules, yet still they are paying out dividends.
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Westpac and the ANZ have suspended dividends payments. The National Australia Bank has slashed them. The peculiarities of our tax system explain why retirees hate this more than they should.
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APRA is allowing the big four banks to coordinate in a way that might otherwise be illegal.
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Directors’ obsession with maximising shareholder value has sucked the liquidity out of companies, making them brittle in the face of crises.
Richer Sounds which will become the second most well-known employee-owned company after John Lewis.
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Employee-owned businesses benefit from boosted productivity, profitability, and staff morale. So why are they so rare?
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Businesses who pay dividends to shareholders with tax credits attached pay more tax, new research finds.
Shadow Treasurer Chris Bowen says the cost of cash refunds has exploded.
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Scrapping cash refunds on dividends could make the tax system fairer. But super funds could invest less in Australian companies.
Shareholders might be less likely to expect tax avoidance and may be pushing companies to pay their fair share.
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Shareholders appear to achieve greater returns from corporations which are less aggressive tax planners and pay a greater percentage of tax, according to a new pilot study.
More than A$72 billion has been paid in dividends in 2016-17.
AAP/Dean Lewins
Rather than lifting investment, Australian businesses have chosen to return cash to shareholders in the form of record dividends and share buybacks.
Ta-dah!
Volkova
Arguments about reducing the tax burden of companies tend to get associated with rabid neoliberals. Here’s why they needn’t be.
Bag-carrier George.
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Why stop at 17%?
BHP chief Andrew Mackenzie took over from Marius Kloppers in 2013.
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BHP’s board has navigated well through mining’s highs and lows and still passed the shareholder value test.
Loosening their grip. Will markets exit oil like they edged away from tobacco?
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Efforts to break our financial addiction to the energy sector might find useful lessons in the slow decline of tobacco.