Download This PaperTaxation of Companies and Shareholders Dividends from Capital Sources
Institute of Policy Studies, pp. 1-29, 1986
13 Pages Posted: 27 Mar 2010
Abstract
In 1985 New Zealand had a tax system that taxed corporate profits twice, first in the hands of the company and secondly in the hands of the shareholder, known as the “classical system”. The paper suggests how dividends from capital sources ought to be treated if this double taxation is to continue. Shortly after it was written, the Minister of Finance outlined a plan that was broadly similar to what is suggested in the paper.
Keywords: Double tax, Corporate tax, Dividends, Business tax, company taxation, classical system
JEL Classification: K34
Suggested Citation: Suggested Citation
John Prebble KC (Contact Author)
Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )
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Wellington, 6140
New Zealand
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Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )
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Vienna, Wien 1020
Austria