Redmond Neck wrote on Feb 5^th, 2019 at 8:00am:

You infantile idiot. The company paid tax on the dividend before distribution. No different to a company paying tax on your wages before distribution. Another clueless wanker.

crocodile wrote on Feb 7^th, 2019 at 5:18pm:


Wrong about insolvent.  We are not talking about earnings but profit -> as in after expenses such as paying staff, rent etc.  And then spending money on restocking isn't part of profit but part of expenditure.
We are talking about profit.

As for importance of actuary... they should be considered experts in this field.  As such we should pay some attention.  Based on the article and comments, there are claims and counter claims.  Due to limited info (such as who is the better actuary, etc) up to the individual to decide which is more likely to be considered right.

Both baron and cap are wrong.  At least based on some of the comments i read.  Such as separate legal entities or responsibility of tax payments.

crocodile wrote on Feb 5^th, 2019 at 8:26am:


All that should happen is that the companies should give the option to pay the tax or not resulting in a higher payment for pensioners which is subject to tax. Once the pensioner is a positive tax payer they can then stock the rest of their investment in amputated investment to draw down their income.

The argument for Labor doing this would equally apply to business investment who declare a negative profit it is the identical money for nothing argument only with greater justification.

lee wrote on Feb 7^th, 2019 at 5:25pm:


If they were owners, they would also be responsible for creditors when the business folds.  And that doesn't happen.  Legal definitions are very important and coalition and their supporters are mixing terms up to make it sound reasonable. 

crocodile wrote on Feb 6^th, 2019 at 10:17pm:

I don't trust this chart only because it doesn't list some common taxes. Stamp duty, land tax, fuel excise, road tolls - these should be listed too. I wouldn't list all taxes, just those that raise over $1 billion in revenue in Australia annually or are likely to if implemented.

I agree that payroll tax is a bad tax. Why tax jobs?

Dividends not so...especially if company strategy is to use retained earnings for further capital growth and investment.

Why are dividends not counted as expenses?  Because it is form of profit sharing...and Profit = Revenue - Expenses. 

It's on the wrong side of the equation.  Wages/salaries should always be paid.  Dividends not so...especially if company strategy is to use retained earnings for further capital growth and investment.