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15 Mar 12 Draft legislation to cut company tax

In media release No 2012/013, issued 14 March 2012, the Treasurer, Wayne Swan, announced the release of draft legislation to cut company tax.

The draft legislation cuts the company tax rate for all companies from 30% to 29% for the 2013-14 income year and subsequent income years. The draft legislation provides an earlier start for small business, with the 29% rate applying from 2012-13.


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