G-7 Imposed Min 15% Tax Rate

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No wonder global business find Australia unattractive--G-7 getting tough by imposing 15% tax rate for global companies. What's the Ozzie corp tax rate

G-7 Nations Agree on New Rules for Taxing Global Companies

Businesses would pay a minimum tax rate of at least 15%, the Group of Seven rich nations agreed, in a significant step toward delivering a global minimum rate sought by the Biden administration.

www.wsj.com

 

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28%

 

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28%

Assuming for one moment I'm a CEO of a global company--Australia not looking very attractive from a tax perspective compared to G-7 countries.

 

[qldfrog]

Assuming for one moment I'm a CEO of a global company--Australia not looking very attractive from a tax perspective compared to G-7 countries.

Just compare how your australian company will grow taxed at 29% vs one overseas with no tax or taxed at 15%..
Then the prouds owners of that Aussie business will be taxed at 50% if they pay themselves here..
Yeahh but good for Byron or Noosa real-estate as people just retire....a la frog?