Equities titans say ‘leave dividend imputation alone’

Original article by Vesna Poljak
The Australian Financial Review – Page: 13 & 20 : 3-Jun-15

Balanced Equity Management fund manager Andrew Sisson has urged the Australian Government to retain dividend imputation. He warning that scrapping the regime will result in lower dividend payouts and prompt more companies to shift their tax liabilities offshore. Veteran fund manager Peter Morgan also favours retaining the current system, as do Djerriwarrh Investments and Westpac. Perpetual did not make a submission on the Government’s tax white paper.

CORPORATES
BALANCED EQUITY MANAGEMENT PTY LTD, DJERRIWARRH INVESTMENTS LIMITED – ASX DJW, WESTPAC BANKING CORPORATION – ASX WBC, BT FINANCIAL GROUP PTY LTD, PERPETUAL LIMITED – ASX PPT, 452 CAPITAL PTY LTD, AMP LIMITED – ASX AMP, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, QBE INSURANCE GROUP LIMITED – ASX QBE, BOND CORPORATION HOLDINGS LIMITED

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