Ann: Allkem and Livent to merge - presentation, page-208

Thanks for the response.

I do understand the 15% withholding tax that goes into your tax return, to make sure that you as an individual don't get double taxed (the individual paying Aus tax on tax they have already paid in US).

My main query though is around the point that franking credits don't exist in USA. Obviously this is in place in Australia so that the inevitable recipient of the dividend does not pay tax on funds that the Company has already paid on their behalf.

So if US don't pass on franking credits, how do we as the recipient (via dividend) not pay tax on funds that the Company has already paid US tax on?