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BHP Group Limited (via Public) / Economic Contribution Report 2021 The future is clear (Form 6-K)

BHP Group Limited (via Public) / Economic Contribution Report 2021 The future is clear (Form 6-K)
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"The Value of Australian Franking Credits: Evidence from Global Equity " by Hansi Hu


Abstract
Exactly how franking credits influence the Australian equity market has sparked controversy among academics, regulators, politicians and practitioners since the introduction of the dividend imputation system in July 1987. Australia applied a classical tax system where corporate earnings are taxed twice, once at the corporate level and the second at the personal level on distributed dividends before July 1987. After the introduction of the imputation system to remove the double taxation, Australian resident shareholders who receive fully franked dividends are able to obtain a credit for the corporate tax that has already been paid. The discussion in the Australian Government (2014, 2015) triggers controversy among academics and practitioners on whether the imputation system should be modified or even completely revoked. The main topic of the debate is “whether franking credits are priced in the market”. Despite much theoretical and empirical research, the evidence ....

United Kingdom , Australian Government , Dual Listed Company , American Depositary Receipts , Franking Credits , Ex Dividend Date , ஒன்றுபட்டது கிஂக்டம் , ஆஸ்திரேலிய அரசு , இரட்டை பட்டியலிடப்பட்டுள்ளது நிறுவனம் , முன்னாள் ஈவுத்தொகை தேதி ,