Almost a third of employing businesses unable to find suitable staff
Almost a third (31 per cent) of employing businesses are having difficulty finding suitable staff, according to survey...READ MORE
Many small-to-medium enterprises and their shareholders will pay more tax as the corporate rate drops to 27.5 per cent because of Australia's idiosyncratic dividend imputation system, experts say.
The perverse outcome arises because companies will have paid tax on profits at a rate of 30 per cent for the years before 2016-17 but will only be able frank dividends at the lower rate of 27.5 per cent if they are paid out after 1 July, 2016.
Read the full article on the Australian Financial Review.