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Wartime taxation of companies in new Australian policy
Canberra reports that wartime company taxation replaces 1914 18 excess profits tax. New laws impose ordinary corporate tax plus a special super tax on profits exceeding a threshold of capital employed. Rates rise with profit margins, targeting profits above set percentages, with adjustments by capital and distribution. Public companies face combined tax on ordinary income and super tax, while exemptions apply to certain private enterprises and distributions.
MENTIONED IN THIS ARTICLE
Canberra
Sinc
Tas
Tola
Bat Aix
Ienegal Adona
Australia
Pblic
Department
Apple
Nevel
Paso
Foniene
Wone Rita Wet Freape’ Aewomsment
Fiat
Tates
Uni
Erie
Shuwit
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Marzi AB
Aden
Eather USA
Dompanica