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Financial Insights – Dividend imputation’s unheralded magic: It makes companies make better re-investment decisions

What a dreadful thing is the dividend-imputation tax system, if you believe its critics.

They allege the abolition in 1987 of the double taxation of company earnings paid out to individuals forces investors
large and small to own too many shares, for it acts as a subsidy for equity investors.

Financial Insights Sept 2015 GLOBAL

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