17 October 2005

Australia’s corporate tax regime was quickly becoming uncompetitive and would act as a brake on economic growth unless it was brought into line with its competitors, according to the new report released by the Business Council.

The BCA’s Corporate Taxation: An International Comparison compared the overall tax burden on companies in Australia with all its major competitors such as major trading partners, countries which are key sources of foreign direct investment, other Asia–Pacific economies, the European Union and OECD economies.

It concluded that Australia had the highest corporate tax burden across every relevant global comparison.

Read the full news release or download the report using the links below.