[jacques_chester]

> I disagree with people who think corporate taxes are "double taxation" or anything like that.

Australia has dividend imputation because of this argument. When you receive dividends from shares you own, the tax paid by the company is offset from your own personal income with "franking credits".

So along with a different capital gains framework, the net upshot is that Australian shareholders are quite happy to take dividends, thankyou. Which means companies can focus more on running things at a profit and less on trying to pump up the stock price any way, any how.

The downside is that Australia has a higher headline corporate tax rate than a lot of countries. An argument is sometimes made that we could significantly lower it (as in by double digits) without imputation.

(This is of course not financial advice and I am not an accountant, lawyer, planner or even a dog on the internet).