Large employers are worried Australia’s corporate tax cut of one-and-a-half percentage points will be pushed back from its scheduled July 1 implementation date, prompting the Business Council of Australia (BCA), which is made up of the chief executive officers of the country’s 100 biggest companies, to call on the government to quickly move onto the issue of tax reform.
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Where a TP study of comparables produces an arm’s-length range, and the taxpayer’s filed position is outside that range, HMRC will adjust to the median by default