Hmmmmm...my understanding is that PDF's are emempt from CGT, but are subject to Corporation Tax and that this applies to both the company and investors. Practically that means the company pays CT on its assessable income and thereby franks its dividends, with divvies for investors being taxable, but with a tax credit to offset at the franking rate (100% franked for ACR so with a 30% tax credit). I think it has been so for years, so the 2015 warrant was wrong and was corrected last year. I could be wrong, but that's my understanding.
On the thread itself, I hope the two newbies don't Impact the divvy, as their dir fees are deductions, but that two of the existing dead woods will be fired or resign at the AGM. The Board are responsible for managing the CEO and the 3 year decline in share price should be attributed to the old Board and result in a cleansing......
Bring it on!
Wazz
Ann: Acrux announces non-executive board appointments-ACR.AX, page-22
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