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. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • imputation tax system — Arrangement by which investors who receive a dividend also receive a tax credit for corporate taxes that the firm has paid. Bloomberg Financial Dictionary …   Financial and business terms

  • imputation system — A tax system operated in some jurisdictions (for example, in the UK until the abolition of advance corporation tax on 6 April 1999), which imputes or attributes to shareholders a credit for the tax suffered by the company on its income. This… …   Law dictionary

  • Tax credit — The term tax credit describes two different concepts:*The first is a recognition of partial payment already made towards taxes due. *The second is a state benefit paid to employees through the tax system, which has the effect of increasing… …   Wikipedia

  • Tax rates around the world — Taxation An aspect of fiscal policy …   Wikipedia

  • system — sys‧tem [ˈsɪstm] noun [countable] an arrangement or organization of ideas, methods, or ways of working: • Deregulation has created worries about the stability of the country s financial system. • All staff will benefit from a well run… …   Financial and business terms

  • imputation system — ➔ system * * * imputation system UK US noun [C] TAX ► a system in which shareholders who receive dividends (= part of the profit of a company) also receive a tax credit for taxes that the company paid: »Corporation tax is based on an imputation… …   Financial and business terms

  • imputation system — noun A method of taxation whereby some or all of the corporation tax on a company is offset by the income tax paid by shareholders on dividends • • • Main Entry: ↑impute …   Useful english dictionary

  • Tax consolidation — is a regime adopted in the tax or revenue legislation of a number of countries which treats a group of wholly owned or majority owned companies and other entities (such as trusts and partnerships) as a single entity for tax purposes. This… …   Wikipedia

  • imputation system — Formerly, the system in which the advance corporation tax (ACT) paid by a company making qualifying distributions was available to set against the gross corporation tax for the company. The shareholder receiving the dividend was treated as having …   Accounting dictionary

  • imputation system — Formerly, the UK system in which a company making a qualifying distribution paid advance corporation tax on the dividend paid; this amount could then be set against the gross corporation tax for the accounting period. The shareholder receiving… …   Big dictionary of business and management