Budget for 2012-13 – details
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 … |