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Tax rates won’t change over next decade: KPMG

Tax 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.

by Shared by The Australian and Accountancy Age | 25 Aug, 2016

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.