TLS 1.04% $3.89 telstra group limited

The purpose of the franking system was / is to prevent double...

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  1. 187 Posts.
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    The purpose of the franking system was / is to prevent double taxation of company profits.

    When a taxpayer has no other tax to offset and hence gets the rebate, this causes that portion of the companies profit to be not taxed at all.

    This was a change little johnnie made that one could argue was against the spirit of the original legislation.

    Thats my 2 cents ...

    ..
 
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