Dividends, Distortion and Double Taxation |
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Authors: | G. H. PARTINGTON R. H. CHENHALL |
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Affiliation: | G.H. Partington;and R.H. Chenhall are Lecturer and Associate Professor respectively in Accounting and Financial Management, Macquarie University. |
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Abstract: | It is often claimed the double taxation inherent in the classical system of corporate taxation imposes an extra tax burden on corporate income and causes undesirable distortions in economic behaviour. In anticipation of suggestions for reform, consequent upon a major inquiry into the Australian financial system, this paper questions several of the traditional criticisms of the classical tax system and suggests that the supposed extra tax burden may not exist. |
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Keywords: | Corporate taxes Dividends |
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