A proposed “super tax” in Australia on its natural resource sector has many companies who do business down under concerned. Australian lawmakers argue the tax increase is vital to Australia’s economic development.
Westlaw Business Currents addresses the issue in a post titled “AsiaPac Hot Topic: Uproar Over Mining “Super-Tax” from Australia to PRC.”
In Hong Kong, Helen H. Chan writes:
If enacted though, the 40% levy could alter Australia’s economic landscape. Several companies have preemptively made a number of disclosures and announcements to their shareholders, warning of tough times to come. Among their common concerns about the tax is an irreversible adverse impact on long-term shareholder earnings.
You can read the full post on Westlaw Business Currents.
Posted by Kevin Hunt in:
In Business | Industry trends |
