Briefly explain in no more than 50 words why?

Melbourne Ltd. Is a publicly listed company in Australia that pays corporate tax at rate of 30%. It is conducting an off-market share buyback under tax determination TD 2004/22. On May 15, 2021 the company announced the buyback price to be $18.50 per share with capital component of $6.50 and the remainder treated as a fully franked dividend. The deemed consideration for the buyback has been determined to be $19.80 per share. Henry is an Australian resident shareholder in Melbourne Ltd. who bought 100 shares at $14 per share on January 20, 2020. He pays tax at a marginal tax rate of 45%. When compared with selling his 100 shares on the exchange at a market price of $18.50, Henry's after- tax proceeds are higher if he instead participates in the off-market buyback. True/False Melbourne Ltd. Is a publicly listed company in Australia that pays corporate tax at rate of 30%. It is conducting an off-market share buyback under tax determination TD 2004/22. On May 15, 2021 the company announced the buyback price to be $18.50 per share with capital component of $6.50 and the remainder treated as a fully franked dividend. The deemed consideration for the buyback has been determined to be $19.80 per share. Henry is an Australian resident shareholder in Melbourne Ltd. who bought 100 shares at $14 per share on January 20, 2020. He pays tax at a marginal tax rate of 45%. When compared with selling his 100 shares on the exchange at a market price of $18.50, Henry's after- tax proceeds are higher if he instead participates in the off-market buyback. True/False