Australia: Tax Future Under a New Liberal Government
A new Federal Liberal Government spells a change in direction for Australia's tax policy settings.
Most notable changes include the abolition of the Carbon Tax and the Mining Tax by the new Abbott Government.
Finally a much anticipated reduction in the company tax rate and the introduction of the paid parental leave funded by a levy on large corporates.
Philip Diviny, a Partner in the Tax Group at K&L Gates discusses the impact of a new government and what it means for Australia.