Blog Post
In December 2017, we published this article and video: government-tries-fix-glitch-company-tax-cut-make-things-worse Those publications were in response to a Government Bill to change the way companies could access the lower corporate tax rate. That bill has now become law and has made the determination of the tax position for a company much more complicated. With the “bright line” test in this new law, companies may fluctuate from being a lower tax “base rate entity” one year and subject to the full 30% corporate tax rate the next year and then, subsequently revert. A change would also trigger for the maximum franking for dividends from…