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Melody lives under an imputation tax system. Her income tax rate is 3 0 % , which applies to all of her income, including wages,
Melody lives under an imputation tax system. Her income tax rate is which applies to all of her income, including wages, interest income and dividend income. Melody owns shares of Orica Inc. Orica Inc. has billion shares outstanding and had taxable income of $ billion. If Orica corporate tax rate is and its payout ratio is maintained at Assuming all dividends paid are fully franked, how much more tax need to be paid by Melody if she had lived under a classical tax system? Round to the nearest two digits
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$
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