imputation system

Related to imputation system: Imputation tax system, Dividend imputation, Franked Dividends

imputation system

(Banking & Finance) a former taxation system in which some, or all, of the corporation tax on a company was treated as a tax credit on account of the income tax paid by its shareholders on their dividends; discontinued from 1999. See also advance corporation tax

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References in periodicals archive ?

Considering adjustments to the valuation formulae under unconventional tax systems, then numerous papers are devoted to valuation adjustments under a dividend imputation system. (2) Ashton (1989), and Monkhouse (1993, 1996,1997) developed and adjusted a capital asset pricing model (CAPM), weighted average cost of capital (WACC) and adjusted present value (APV) methodology under an imputation tax system.

A LESSON IN VALUATION FROM ESTONIA: THE DIFFERENCE BETWEEN THE FUNDAMENTAL VALUE OF EQUITY UNDER DISTRIBUTED AND TRADITIONAL PROFIT TAXATION SYSTEMS

Currently, apart from the classic form of profit taxation, we have other forms of this tax: a modified system of double taxation (modified classical system or partial integration system), the system that partially exempts dividends from taxation (single taxation system--dividends exemption system), the system of full imputation of dividends (full imputation system), the system of partial imputation of dividends (partial imputation system).

Economic relations between personal and corporate income tax

However, Malta applies an "imputation system" whereby the corporate income tax paid by the company is refunded to the shareholders when distributions are made to them.

Will Malta become the "New" Ireland in International Tax Planning?

TARIQ HUSSAIN: Under the Simplified Imputation System, a company that receives dividend is treated in a very similar manner to an individual receiving a franked distribution.

INTERVIEW WITH TARIQ HUSSAIN, DIRECTOR INSURANCE, SECP

Some countries, such as Australia, Canada, and the UK, have removed the double taxation and adopted a dividend imputation system where the amount of tax charged at the firm's level will be credited back to the stockholders when they receive cash dividends.

Neutrality of a dividend imputation system under the Modigliani-Miller proposition

The usefulness of the imputation system is likely to be questioned if corporate tax rates are to be lowered even further (Annex 4.A1).

Chapter 4: toward a more efficient taxation system

the Finnish imputation system because it failed to provide tax credits

Income tax discrimination and the political and economic integration of Europe

* Norway has a full imputation system to avoid double taxation of dividends.

Annex 4. Tax Reform and the Shareholder Model

The imputation system approach to double taxation is well tested.

Eliminating 'double taxation': the dividend imputation alternative

Many countries use an imputation system to eliminate the double tax on dividends found in a classical system.

An international investigation of the influence of dividend taxation on research and development tax credits

- Simplified imputation arrangements, to streamline the operation of the existing imputation system.

Annex III: business tax reform implementation

In this context, the imputation system for distributed profits, which discriminates against foreign shareholders, is increasingly questioned.