With the backdrop of an increasing budget deficit in an election year, Julia Gillard’s Labor Government has targeted large corporates, multinationals and the mining industry in an attempt to raise additional revenue. Leon Mok, executive director at Baker Tilly Pitcher Partners, outlines the key measures proposed in the Australian federal budget affecting the corporate and international space.
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Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.