AN OUTLINE OF THE UNITED KINGDOM ADVANCED CORPORATE TAX

Glenn Jenkins ()

No 1985-05, Development Discussion Papers from JDI Executive Programs

Abstract: In order to alleviate part of this double taxation of distributed profits the classical system was replaced in 1973 by the "imputation system". This new system of taxation gives shareholders tax credits for tax paid by the corporation. These tax credits may be used by shareholders to offset their income tax liability on the dividends they receive.

Keywords: United Kingdom; Advanced Corporate Tax (search for similar items in EconPapers)
JEL-codes: H25 (search for similar items in EconPapers)
Pages: 6 pages
Date: 1985-08
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cri-world.com/publications/qed_dp_68.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:68

Access Statistics for this paper

More papers in Development Discussion Papers from JDI Executive Programs Contact information at EDIRC.
Bibliographic data for series maintained by Mark Babcock ().