In a dividend imputation tax system, equity investors have three potential sources of return: dividends, capital gains …

thirty percent of the mature economies provide imputation of taxes paid on dividend income by domestic corporations. Dividend … imputation is a statistically significant impediment to cross border equity flows. A tax credit variable for foreign taxes paid …

Since 1986 dividend imputation has influenced the ex-dividend day behaviour of Australian share prices. Between 1 April … efficiency of the dividend imputation system. This paper explores the impact of dividend imputation, in its various forms, on ex …

prefer capital gains. One change was the introduction of dividend imputation in 1987. While the market took some time to … adjust to dividend imputation, by 1990 shareholders typically obtained 80% of the benefit of the imputed tax credit. …