Is Australia Set to Overhaul its Business Tax System
After such a brutal year for economies around the world, it is quite possible that some sort of change to the tax system in Australia could be on the way. But first of all, how does the said system in Australia work. The amount of tax that a business must pay relates to how much money it makes. Its taxable income. They calculate your taxable income based on your assessable income which is your gross amount of money earned from the business and…