report of the Royal Commission on Taxation

Creator
Australia. Royal Commission on Taxation
Call Number
Nq 328.94 AUS
Created/Published
Canberra : L. F. Johnstone, Commonwealth Government Printer, 1933-1934
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48
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Contents

FIRST REPORT OF THE ROYAL COMMISSION ON TAXATION. 1
CONTENTS. 3
INTRODUCTION. 5
SECTION I. THE SCOPE OF THIS REPOET. 6
SECTION II. CONSIDERATION OF THE VARIOUS METHODS OF TAXING COMPANIES AND DIVIDENDS. 7
SECTION III. REASONS FOR THE EXISTING COMPLEXITIES IN THE METHOD OF TAXING DIVIDENDS IN THE HANDS OF SHAREHOLDERS. 11
SECTION IV. SUMMARY OF THE MODIFICATIONS SUGGESTED. 15
SECTION V. WHY THE WHOLE DIVIDEND (WITH CERTAIN EXCEPTIONS) SHOULD BE LIABLE TO TAX IN THE HANDS OE THE SHAREHOLDER. 16
SECTION VI. WHY CERTAIN DIVIDENDS SHOULD BE EXEMPT FROM TAX IN THE HANDS OF THE SHAREHOLDER. 17
SECTION VII. BONUS SHARES. 18
SECTION VIII. THE REBATE TIE SHOULD BE ALLOWED. 19
SECTION IX. THE EFFECT UPON REVENUE AND UPON THE TAX PAYABLE BY A SHAREHOLDER RESPECTIVELY OF TAXING THE DIVIDEND IN FULL AND ALLOWING REBATE AT A STANDARD RATE. 22
SECTION X. CONCLUDING REMARKS REGARDING THE TAXATION OE COMPANIES AND DIVIDENDS. 24
SECTION XI. THE STATUTORY EXEMPTION. 24
SECTION XII. APPORTIONMENT OF CONCESSIONAL DEDUCTIONS. 26
SECTION XIII. THE ADDITIONAL TAN PAYABLE BY COMPANIES WHERE REASONABLE DISTRIBUTIONS OP PROFITS HAVE NOT BEEN MADE. 28
SECTION XIV. THE COMPLICATIONS CREATED BY THE FURTHER INCOME TAX (GENERALLY DESCRIBED AS THE SPECIAL PROPERTY TAX). 36
APPENDIX 1. (See § 66.) EXAMPLE SHOWING THE MANNER IN WHICH DIVIDENDS PAID FROM RESERVES ARE APPROPRIATED THERETO, AND HOW THE REBATES ALLOWABLE IN RESPECT OF EACH PART OF THE DIVIDEND ARE CALCULATED. 39
APPENDIX 2. (See §70). 40
APPENDIX 3. (See § 148.) 40
APPENDIX 4. 41
APPENDIX 5. (See §43.) OFFICIAL MEMORANDUM SUBMITTED BY THE COMMISSIONER OF TAXES, QUEENSLAND, EXPLAINING THE OPERATION OF THE QUEENSLAND SYSTEM OF TAXING LIMITED COMPANIES. 42
APPENDIX 6. (See § 11.) 45

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http://nla.gov.au/nla.obj-2772889391

APA citation

Australia. Royal Commission on Taxation & Ferguson, David G. (1933). ... report of the Royal Commission on Taxation Retrieved November 27, 2022, from http://nla.gov.au/nla.obj-2772889391

MLA citation

Australia. Royal Commission on Taxation and Ferguson, David G. ... report of the Royal Commission on Taxation Canberra: L. F. Johnstone, Commonwealth Government Printer, 1933. Web. 27 November 2022 <http://nla.gov.au/nla.obj-2772889391>

Harvard/Australian citation

Australia. Royal Commission on Taxation & Ferguson, David G. 1933, ... report of the Royal Commission on Taxation L. F. Johnstone, Commonwealth Government Printer, Canberra viewed 27 November 2022 http://nla.gov.au/nla.obj-2772889391

Wikipedia citation

{{Citation
  | author1=Australia. Royal Commission on Taxation.
  | author2=Ferguson, David G.
  | title=... report of the Royal Commission on Taxation
  | year=1933
  | section=4 v. in 1 ; 34 cm.
  | series=Parliamentary paper (Australia. Parliament) ;
  | issue=PP no. 199 of 1933, No. 1
  | location=Canberra
  | publisher=L. F. Johnstone, Commonwealth Government Printer
  | url=http://nla.gov.au/nla.obj-2772889391
  | id=nla.obj-2772889391
  | access-date=27 November 2022
  | via=Trove
}}

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Since 1984 [Created/Published Date + 50 Years]

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1934
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