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This presentation by Mr. Rob Heferen, Deputy Secretary at Treasury, discusses the impact of company tax on investment and Australia's reliance on corporate tax. It includes contributions to income growth, international comparison of corporate tax rates, and general business tax issues.
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Tax Reform and the Economic Backdrop Minerals Council of Australia Conference Mr Rob Heferen Deputy Secretary, Treasury 26 March 2015 Date Presenter
Contributions to income growth Source: ABS 2014, Australian System of National Accounts cat. no. 5204.0 and Treasury
International comparison of corporate tax rates Source: Organisation for Economic Co-operation and Development (OECD) 2014, Tax Database — Taxation of Corporate and Capital Income, OECD, Paris, viewed 5 December 2014: www.oecd.org/ctp/tax-policy/Table%20II.1-May-2014.xlsx; KPMG 2014, Corporate tax rates table, viewed 5 December 2014: General business tax issues 75 www.kpmg.com/global/en/services/tax/tax-tools-and-resources/pages/corporate-tax-rates-table.aspx; and KPMG 2007, Hong Kong Tax Competiveness Series: Corporate Tax Rates, viewed 5 December 2014: www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/corp-tax-rate-0707.pdf; KPMG 2006, KPMG’s Corporate Tax Rate Survey, An international analysis of corporate tax rates from 1993 to 2006, viewed on 21 January 2015: www.lib.uwo.ca/files/business/KPMGCorporateTaxRateSurvey.pdf.
Australia’s reliance on corporate tax Source: OECD 2014, Revenue Statistics 2014, OECD, Paris.