Australia’s government will announce a cut to the 30% corporation tax rate
A report by The Herald
Sun newspaper said the reduction would be introduced over time
to minimise the impact on the country’s upcoming May Budget and election later
Australian prime minister Kevin Rudd is to have agreed to cut the rate to
boost the country’s global competitiveness, the publication said.
The cut is not applicable to the mining industry which could see its profits
hit by an increase in tax. Treasurer Wayne Swan hopes to increase revenues by
A$7bn (£4.24bn) with a mining tax increase, adding to the A$20bn it already
receives from this sector.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states