Budget: Best of the rest
A raft of diverse measures aims to boost business innovation in the wake of the pandemic.
Source: accountantsdaily.com.au
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Budget: Changes coming to tax administration
Various measures will see an overhaul of several tax management systems.
Source: accountantsdaily.com.au
Two-tiered corporate tax 'distorts' business
Two-tiered corporate tax âdistortsâ business Save Share Business tax advisers have endorsed a criticism by the Organisation for Economic Co-operation and Development that Australiaâs two-tiered corporate tax system is distorting how businesses grow and structure their operations. The OECD in a report published on Wednesday said that the âhighâ 30 per cent corporate rate for large businesses should be aligned with the 25 per cent rate for small and medium enterprises (SMEs) turning over less than $50 million, because a two-rate system ârisks distorting how firms a...
Source: afr.com