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Company taxes are also 30% over here typically, flat rate. It is quite a lot I think, for small businesses at least. They don't have economies of scale or fancy
by hnick 6y ago
Company taxes are also 30% over here typically, flat rate. It is quite a lot I think, for small businesses at least. They don't have economies of scale or fancy setups and owners will pay a tax on profits then income taxes for themselves (I think dividends can work around this with franking credits), it can hurt margins, not to mention compliance overheads for GST etc.