On 25 March 2025, the Federal Treasurer handed down the 2025-26 Federal Budget.This Tax Alert focuses on the key announced tax measures that affect business tax planning and compliance processes and business incentives. The broader economic and policy issues in the 2025-26 Federal Budget are available on the EY Australia website (link here).On the tax front, the budget leaves in place a corporate tax rate of 30% and a personal income tax system with a high top marginal tax rate (with Medicare levy) of 47% that cuts in at a low-dollar threshold by OECD standards.Key measures for Multinational Enterprises (MNEs)...