In particular, the government wants to review the personal services income benchmarks and tests that allow contractors to pay the 30 per cent company tax rate only under strict conditions. (afr.com)
«A globally competitive company tax rate is one of the most direct and effective economy - wide policy levers we have at hand for boosting investment,» the council says in its submission to the hearing. (stockandland.com.au)
The Federation of Small Businesses did welcome the move to reduce the small companies tax rate to 20 per cent, but warned the VAT hike will hit small businesses. (channel4.com)