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Companies cant simply chose not to pay corporate tax (which is...

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    Companies cant simply chose not to pay corporate tax (which is how franking credits are generated)...

    APA provided no franking at times due to large depreciation and amortization 'costs' on new projects relative to their existing cash flows. This is common for utility and infrastructure companies until the bulk of their assets mature and the depreciation costs decrease relative to income generated.
 
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