Which statement below is incorrect in relation to the taxation of companies? A.Companies are not entitled to a discount on capital gains B.Dividends paid by a company are included in the assessable income of resident shareholders C.The (flat) rate of tax for companies is 30% (unless entitled to a lower rate of corporate tax) D.Companies are entitled to a 50% discount in capital gains
Which statement below is incorrect in relation to the taxation of companies? A.Companies are not entitled to a discount on capital gains B.Dividends paid by a company are included in the assessable income of resident shareholders C.The (flat) rate of tax for companies is 30% (unless entitled to a lower rate of corporate tax) D.Companies are entitled to a 50% discount in capital gains
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 6DQ: LO.3, 4, 5 Contrast the income taxation of individuals and C corporations as to: a. Alternative...
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Which statement below is incorrect in relation to the
A.Companies are not entitled to a discount on capital gains
B.Dividends paid by a company are included in the assessable income of resident shareholders
C.The (flat) rate of tax for companies is 30% (unless entitled to a lower rate of corporate tax)
D.Companies are entitled to a 50% discount in capital gains
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