The Australian Government proclaimed arrangements on 6 November 2013 to address the extensive backlog of Australia’s previous tax and superannuation policy decisions which had been published but not implemented.
The Australian government will enact 18 measures as at one time affirmed, including increases to tobacco taxes, denying research and development tax incentives for companies with incomes of $20 billion or more. Moreover, the legislature will alter three different recommendations, including the thin capitalization package of progressions and the proposed repeal of Section 25-90 which deals with the deductibility of certain interest expenses.
