If I am a shareholder of a company, this technically makes me a part owner and ultimately responsible for paying company tax on earnings. (Yes the company does pay this on my behalf and I get a fully franked payment as a dividend/earnings on my share(s). Couldn't I be paid the untaxed amount (unfranked amount) and it becomes my responsibility to pay tax on behalf of the company? If I earn less than 18k, then I get to keep all of the unfranked amount as I am not required to pay tax. Does this make sense or am I "dreaming"?
