Australian Government Consults on Corporate Tax Regime

Australia’s government is consulting on the country’s corporate tax regime as part of a wide-ranging look into its economy.

The country’s governmental Productivity Commission is leading the consultation, which launched Monday.

“Australia would benefit from a simpler and more efficient tax system. This would improve after-tax returns available to businesses and support investment,” the commission said in a statement.

• Earlier reviews of the country’s corporate tax system by academics, think tanks and the Organization for Economic Co-operation and Development had repeatedly recommended changes its corporate tax arrangements, the commission said.
• “Effective company tax rates ...