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imputation system

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imputation system
n
(Economics, Accounting & Finance / Banking & Finance) a former taxation system in which some, or all, of the corporation tax on a company was treated as a tax credit on account of the income tax paid by its shareholders on their dividends; discontinued from 1999 See also advance corporation tax


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82) Late in 2004, the ECJ eventually did strike down the Finnish imputation system because it failed to provide tax credits to Finnish shareholders for corporate taxes paid to other member states by companies established in those member states.
A new imputation system was created to estimate the missing data.
The Australian dividend imputation system is characterised as follows.
 
 
 
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