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You wish. "Taking profits"...Maybe a loan deemed to be a dividend and unfranked altogether. Shareholders have been subject to double taxation since day dot. PJ Keating bought in imputation to address it however its still not perfect. The company makes a profit of $100. Tax is $30. It then...

The biggest problem with a company is its low 30% tax rate being a distortion. Eventually the shareholder/s wants to access the accumulated wealth in the company. That's a dividend and can result in the final tax rate being higher than the top tax rate.