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Taxes

Imputation system

In finance, we often come across the term "imputation system". It refers to a tax system where a portion of the tax paid by a company on its profits is offset against the tax liability of shareholders who receive distributions from the company's profits. This system aims to avoid double taxation on corporate profits and incentivize companies to distribute their earnings to shareholders in the form of dividends. Essentially, it allows shareholders to benefit from the company's tax payments. This is a common practice in many countries, and understanding its implications is crucial in the world of finance.

Beneficial owner

In the world of finance, there exists a concept known as beneficial ownership. This refers to a situation where an individual, although not the legal owner of a property, st...

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Conduit approach

's tax return, allows for business income to be taxed only once as opposed to being taxed twice. One important concept in finance is the idea of pass-through taxation. This ...

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Credit, underlying (indirect) tax

When discussing dividends, it is important to consider the credit for underlying tax. This credit pertains to the tax imposed on a company's profits, which are then used to ...

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Profits tax

Businesses are often subject to a tax called corporate income tax, which is imposed on their profits. This tax is separate from the ordinary income tax that individuals pay ...

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