Imputation tax system

Imputation tax system

Arrangement by which investors who receive a dividend also receive a tax credit for corporate taxes that the firm has paid.
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iii) The imputation tax system confines imputation credits to dividends paid by resident companies directly or indirectly to resident individuals.
States have developed a range of reforms, including imputation tax systems, an allowance for corporate equity or capital, shareholder allowances or credits within a corporate equity tax system, a comprehensive business tax system, or, alternately, a destination-based corporate cash-flow tax or and origin-based corporate cash-flow tax, all of which this report describes in detail, along with associated methodologies and standards.