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New government to introduce a new tax system in Australia

Updated December 06, 2019 06:45:57 A new system for taxing Australian businesses will be introduced in 2018, as part of the Government's efforts to cut business tax bills.The tax changes, to be announced in the Federal Budget, will see businesses pay a one per cent GST on all profits, rather than a one-off levy of 2 per cent on profits

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