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READ MORETax rates won't change over next decade: KPMG
Business and consumption tax rates are likely to remain unchanged over the next decade, with Australia’s revenue base likely to come under pressure as foreign countries attempt to tax more of our export revenue, top four accounting firm KPMG predicts.
Corporate taxes were heading to a range of 17 - 25 per cent for most small to medium economies, but “political realities” meant Australia’s ambitions to lower the upper limit of 30 - 25 per cent were unlikely to succeed.
Read the full story at The Australian.
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