[Verse 1] When corporations intertwine through ownership stakes Connected status changes what taxation makes Portfolio dividends flow between separate firms Part Four tax awakens when deferral worms [Chorus] Connected means controlled, fifty percent or more Part Four kicks in when dividends pour Portfolio rules apply, refundable tax due Stop the deferral game, keep revenue true Connected means controlled, ownership's the key Part Four tax ensures no tax-free spree [Verse 2] Associated companies share the same controller Part Four tax becomes the dividend roller When private corps receive investment income streams Refundable tax shatters deferral schemes [Chorus] Connected means controlled, fifty percent or more Part Four kicks in when dividends pour Portfolio rules apply, refundable tax due Stop the deferral game, keep revenue true Connected means controlled, ownership's the key Part Four tax ensures no tax-free spree [Bridge] Subject corporation pays the dividend out Recipient corporation can't dodge about Thirty-eight and one-third percent rate applies Unless connected status qualifies Refundable dividend tax on hand account Makes integration principles paramount [Verse 3] De jure and de facto control both count Ownership percentages we must surmount When dividends cross between connected firms Part Four tax prevents abusive terms [Chorus] Connected means controlled, fifty percent or more Part Four kicks in when dividends pour Portfolio rules apply, refundable tax due Stop the deferral game, keep revenue true Connected means controlled, ownership's the key Part Four tax ensures no tax-free spree [Outro] Integration principles must prevail Part Four tax tells the tale Connected corporations can't defer Tax neutrality we ensure
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