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clock Created with Sketch. 21/03/18
17:08
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Originally posted by picastoc
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The company has paid the tax on its profits at 30% rate. It is as logical to return the excess of the tax credit to the shareholders as it is to allow the imp.credit as a tax credit in the first place. It is put into place because otherwise there is DOUBLE taxation going on.
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what about the classic case where a high earning couple paid 100k to avoid paying any tax on their 1 million $ income, I like the idea of a cap on the professional services one can claim to minimise income tax...
