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Budget for 2012-13 – details

|Approved Changes|Australia
Australia

The Budget for 2012-13 was handed down by the Treasurer on 8 May 2012. Details of the Budget, which unless otherwise indicated will apply from 1 July 2012, are summarized below.

Corporate taxation

-   A previously announced reduction of the corporate tax rate to 29% (see Australia-1, News 14 March 2012) will not proceed.
-   A previously announced change allowing …

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