GRR 0.00% 37.0¢ grange resources limited.

Pellet Price Tracking, page-528

  1. 272 Posts.
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    The meaning of the word root is to derive a benefit from dishonest behaviour. The IC tax rebate is intended to make the tax system work as it was intended, that is, that individuals are taxed at their marginal rate based on total taxable income. The same outcome would ensue if the company became a trading trust and distributed 100% of pre tax income. The present system requires the company to prepay the shareholders tax at 30% with the provision for a later credit adjustment in the event that the shareholders marginal rate is less than 30%.
 
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