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Answer in ~ 600-700 words Explain the Australian dividend imputation credit system and how it applies in...

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Accounting

Answer in ~ 600-700 words

Explain the Australian dividend imputation credit system and howit applies in Australia. Include an analysis of how the receipt offranking credits will result in differing returns for Australianresident and international investors.

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The Australian dividend imputation system is a corporate tax system in which some or all of the tax paid by a company may be attributed or imputed to the shareholders by way of a tax credit to reduce the income tax payable on a distribution In comparison to the classical system dividend imputation reduces or eliminates the tax disadvantages of distributing dividends to shareholders by only requiring them to pay the difference between the corporate rate and their    See Answer
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