british system :

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  • Factbox: How tax credits become a subsidy for UK investors
    (Reuters) - Many big British firms examined by Reuters pay dividends that far outweigh their UK tax payments. Under the British system, this means shareholders receive more in tax credits than they pay in corporate income tax. Experts say tax credits start to become a tax subsidy when the corporation tax bill falls to below 10 percent of the dividend payment. In the most recent reporting period ...
    Dec. 20, 2013 - Reuters via Yahoo! News

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