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Drilling/Development Schedule, page-312

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Tinwins

15,184 Posts.

522

08/01/24

16:40

Post #: 71779639
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Originally posted by kmuirhead ↑

You are not trying Tinwins. The government did not have to put its hand in your pocket for the the $30, Government legislation requires that a public company pays 30% of a dividend directly to the ATO. This amount is known as a franking credit .How this 30% is handled at tax time I have explained in my previous post. I don't believe that I can make the explanation simpler.

Let me try another way. If you work for someone and get paid wages or a salary then your employer is required to withhold a certain percentage of your wages/salary and send this amount to the ATO. The amount, known as PAY AS YOU GO or PAYG is determined by the amount you earn and is given in the ATO tax tables.

Franking credits and PAYG are basically the same thing. The reason that the ATO does it this way is that it is much simpler to keep Companies and employees honest rather than every shareholder or employee. I.E there are far less companies and employers than shareholders and employees.

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Keep punching, you're sure to hit a target soon.

STX Price at posting: 49.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 19.0¢		Change -0.010(5.00%)		Mkt cap ! $543.5M

Open	High	Low	Value	Volume
20.0¢	20.8¢	19.0¢	$1.787M	9.067M

Buyers (Bids)

No.	Vol.	Price($)
72	2964445	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	1539221	50

View Market Depth

No.	Vol.	Price($)
68	2922773	0.190
34	1190705	0.185
31	910212	0.180
9	680555	0.175
10	412212	0.170

Price($)	Vol.	No.
0.195	1538847	50
0.200	2001294	17
0.205	1062852	19
0.210	401771	13
0.215	824013	13

Last trade - 14.02pm 31/05/2024 (20 minute delay)


Last 19.3¢			Change -0.010 ( 5.08 %)
Open	High		Low	Volume
20.0¢	20.8¢		19.0¢	6962869
Last updated 14.21pm 31/05/2024 ?

STX (ASX) Chart