quote:Originally posted by Tinker

May I suggest being taxed at your marginal rate on dividends you receive. Seems simple to administer and fair to me. Would also ensure investors were not discouraged from taking risks to grow the productive private sector.

Just a thought.

Cheers
Tinker
The IRD's argument was that companies overseas often pay low dividends. Whether this is true or not is beside the point - they needed the extra revenue in the bank to fund kiwisaver.