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The “debt tax” has flow-on effects for businesses

The “debt tax” has flow-on effects for businesses

June 11, 2014

The announcement from the Federal Budget of a three year Temporary Budget Repair Levy on high income individuals (2% in excess of $180,000 — see our Budget report for details) will result in the top marginal tax rate increasing from 47% to 49% (inclusive of the Medicare levy). However there are a number of other…

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