Debate continues on single-tier dividends

The first article dealt broadly with how the new single-tier system will work with regard to dividends and the effect the change will have on a broad spectrum of corporate and individual shareholders.  

As there are a number of issues arising from the proposed introduction of this new system (other than the lack of a tax refund for individuals who are not taxable or taxed at a low marginal personal tax rate and thus entitled to claim the tax credit attached to taxable dividends), this article elaborates on some specific aspects of the system.