The last word from me:
Attachment 14459
Don't argue with Snow Leopards :p
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The last word from me:
Attachment 14459
Don't argue with Snow Leopards :p
The above is only true if the company has not generated any imputation credits.
Imputation credits are tax paid by the company under another name. The money from my Contact dividend has already had company tax, and an additional tax level adjusting RWT taken off it, before it gets deposited in my bank account. There is no more tax to pay by me! Countdown doesn't need to accept imputation credits because the money that lands in my bank account is fully tax paid. The imputation credit part of my tax statement is the income tax the company has paid on my behalf, and so never touches my bank account. As long as the IRD accepts my imputation credits then I am sweet!
You are right about the groceries costing heaps more. You are wrong about me having less money to pay for them. I get 4.34% more money to pay with.
Just because you don't see the imputation credits in your bank account doesn't mean they are theoretical. The IRD are happy to accept these so called 'theoretical tax constructs' (imputation credits) as tax paid on my behalf. Either that or I have just committed 30 years plus of tax fraud....(possible) but have never been caught (very unlikely).
SNOOPY
Admitting defeat
May as well admit defeat
Maybe some good news on Tiwai soon !! https://www.newstalkzb.co.nz/on-air/...war4qRb27hVpew
No RWT on most dividends - Mr Leopard
RWT applies most commonly to Interest or similarly defined payments..
For Dividends, it is 'Dividend Withholding Tax" or in short DWT - mostly @ 5% on part of gross dividends that carry full imputation credits , and up to @ 33% of Gross distribution with reducing or No Imputation credit levels attached .. :)
I love it...finally folk are really starting to talk to each other ...other than trying to out wit each other with stats.
Dont get me wrong stats are vital...but the sharemarket is a weird beast.
BTW ...this whole debate is quite pathetic and meaningless....given whats going on up north...
Just glad I’m not the only one confused by the finer details of imputation credits etc lol