FMG 3.09% $24.78 fortescue ltd

Cain is essentially correct. The company pays tax to the ATO and...

  1. 257 Posts.
    lightbulb Created with Sketch. 51
    Cain is essentially correct. The company pays tax to the ATO and imputes the amount per divi to shareholders so that they can offset the taxable income they would pay, or get a refund if the credits are worth more than the tax the shareholder is required to pay.

    As below:

    disallowed/money/super-and-retirement/why-are-franking-credits-declared-as-income-20200525-p54w7c.html

    https://hotcopper.com.au/data/attachments/3509/3509258-5ddc59aae84167432be72920508310e5.jpg

    https://www.ato.gov.au/Individuals/myTax/2021/In-detail/Applying-for-a-refund-of-franking-credits-online/#:~:text=What%20are%20franking%20credits%3F,a%20system%20known%20as%20imputation.

    https://hotcopper.com.au/data/attachments/3509/3509261-3d511f21f3d99dbd173bb0bdfe951197.jpg
    https://hotcopper.com.au/data/attachments/3509/3509264-c4eebfb3f30e029f4bc24d1e47d46e9a.jpg


 
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