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An Outline Of The United Kingdom Advanced Corporate Tax


  • Glenn Jenkins

    () (Queen's University, Kingston, On, Canada)


In order to alleviate part of this double taxation of distributed profits the classical system was replaced in 1973 by the "imputation system". This new system of taxation gives shareholders tax credits for tax paid by the corporation. These tax credits may be used by shareholders to offset their income tax liability on the dividends they receive.

Suggested Citation

  • Glenn Jenkins, 1985. "An Outline Of The United Kingdom Advanced Corporate Tax," Development Discussion Papers 1985-05, JDI Executive Programs.
  • Handle: RePEc:qed:dpaper:68

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    References listed on IDEAS

    1. G. K. Helleiner, 1978. "Market Structure and Buyer Characteristics in Canadian Imports of Manufactures from Low-Wage Countries," Canadian Journal of Economics, Canadian Economics Association, vol. 11(2), pages 324-333, May.
    2. Ophir, Tsvi, 1969. "The Interaction of Tariffs and Quotas," American Economic Review, American Economic Association, vol. 59(5), pages 1002-1005, December.
    3. Robin W. Boadway & John M. Treddenick, 1978. "A General Equilibrium Computation of the Effects of the Canadian Tariff Structure," Canadian Journal of Economics, Canadian Economics Association, vol. 11(3), pages 424-446, August.
    4. Gopal J. Yadav, 1968. "A Note on the Equivalence of Tariffs and Quotas," Canadian Journal of Economics, Canadian Economics Association, vol. 1(1), pages 105-110, February.
    5. G. Yadav, 1972. "Discriminatory Aspects of Canada's Imports of Manufactured Goods from the Less Developed Countries," Canadian Journal of Economics, Canadian Economics Association, vol. 5(1), pages 70-83, February.
    6. Paul Wonnacott & Ronald J. Wonnacott, 1982. "Free Trade between the United States and Canada: Fifteen Years Later," Canadian Public Policy, University of Toronto Press, vol. 8(s1), pages 412-427, October.
    7. Glenn Jenkins & GRAHAM GLENDAY & JOHN EVANS, 1982. "Worker Adjustment Policies: An Alternative To Protectionism," Development Discussion Papers 1982-02, JDI Executive Programs.
    8. McCulloch, Rachel & Johnson, Harry G, 1973. "A Note on Proportionally Distributed Quotas," American Economic Review, American Economic Association, vol. 63(4), pages 726-732, September.
    9. Glenn Jenkins & GRAHAM GLENDAY & JOHN EVANS & CLAUDE MONTMARQUETTE, 1978. "Trade Adjustment Assistance: The Costs Of Adjustment And Policy Proposals," Development Discussion Papers 1978-04, JDI Executive Programs.
    10. Falvey, Rodney E, 1979. "The Composition of Trade within Import-restricted Product Categories," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 1105-1114, October.
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    More about this item


    United Kingdom; Advanced Corporate Tax;

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies


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