Ann: Update - Dividend/Distribution - TLS, page-120

Seems you are one of the very few who don't understand it.
Is Gerry Harvey not paying tax on his dividends?
Or would you consider the only income he receives as wages should count as income?
Whether earned by wages or by ownership of a company paying out profits to shareholders, the tax has been paid and any over payment is being "returned" to the people who this income belongs to.
Like I said, just make it fair, copy the Americans if you want, it's been bloody successful, looking back on it much better than the LABOR policy that we have in Australia currently, the results speak for themselves.
And yes in the US they absolutely get capital gains in return, in massive droves, and guess what?
People pay tax on them!

Ps: I think it is time to end this subject also Mods, sorry for joining in for so long, I'm tired of it and wont reply again, there is nothing more I could add and I'm sure there'll be no shortage of garbage spouted about it from both sides over the coming months.
We'll just agree to disagree Cameron, I'll read your response if indeed there is one as I have posed a few questions but wont reply again on this particular subject.