Dividend imputation

Ken Henry, the head of Treasury, flags a possible change in the taxation treatment of dividend income. Hmmm; as long as they don't ONLY remove imputation, then it could work. Recall that the arguement for imputation is that it removes the double taxation on dividends; first in the hands of the company as it pays tax on its taxable income, and then in the hands of the investor when it receives that income in the form of a dividend.