40% excess profits tax on corporations with over $100 million in turnover

Summary of proposal

The proposal would introduce a 40% excessive profits tax (EPT) on corporations with over $100 million in turnover. The proposal would allow for a reasonable rate of return (defined as 5% plus the long-term bond rate) on shareholder equity, allows for companies to carry forward credits for years that saw substantial revenue drops, and avoids financial cliffs that discourage smaller enterprises from expanding.

The proposal would start on 1 July 2025.

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40% excess profits tax on corporations with over $100 million in turnover

Summary of proposal

The proposal would introduce a 40% excessive profits tax (EPT) on corporations with over $100 million in turnover. The proposal would allow for a reasonable rate of return (defined as 5% plus the long-term bond rate) on shareholder equity, allows for companies to carry forward credits for years that saw substantial revenue drops, and avoids financial cliffs that discourage smaller enterprises from expanding.

The proposal would start on 1 July 2025.

Read more

40% excess profits tax on corporations with over $100 million in turnover

Summary of proposal

The proposal would introduce a 40% excessive profits tax (EPT) on corporations with over $100 million in turnover. The proposal would allow for a reasonable rate of return (defined as 5% plus the long-term bond rate) on shareholder equity, allows for companies to carry forward credits for years that saw substantial revenue drops, and avoids financial cliffs that discourage smaller enterprises from expanding.

The proposal would start on 1 July 2025.

Read more

40% excess profits tax on corporations with over $100 million in turnover

Summary of proposal

The proposal would introduce a 40% excessive profits tax (EPT) on corporations with over $100 million in turnover. The proposal would allow for a reasonable rate of return (defined as 5% plus the long-term bond rate) on shareholder equity, allows for companies to carry forward credits for years that saw substantial revenue drops, and avoids financial cliffs that discourage smaller enterprises from expanding.

The proposal would start on 1 July 2025.

Read more

Increase the value of corporate penalties for misuse of market power

Summary of proposal

The proposal would increase the value of penalties corporations face for the misuse of market power to 10 times their current rate.

The proposal would start from 1 July 2025.

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Increase the value of corporate penalties for misuse of market power

Summary of proposal

The proposal would increase the value of penalties corporations face for the misuse of market power to 10 times their current rate.

The proposal would start from 1 July 2025.

Read more

Increase the value of corporate penalties for misuse of market power

Summary of proposal

The proposal would increase the value of penalties corporations face for the misuse of market power to 10 times their current rate.

The proposal would start from 1 July 2025.

Read more

Increase the value of corporate penalties for misuse of market power

Summary of proposal

The proposal would increase the value of penalties corporations face for the misuse of market power to 10 times their current rate.

The proposal would start from 1 July 2025.

Read more

Accessing new markets

Summary of proposal

The proposal would provide $50 million over 2 years to sectors affected by tariffs, particularly through peak bodies, to secure and grow new markets for their world class products.

The proposal would be non-ongoing, distribute funding evenly over 2 years and start on 1 July 2025.

Read more

Accessing new markets

Summary of proposal

The proposal would provide $50 million over 2 years to sectors affected by tariffs, particularly through peak bodies, to secure and grow new markets for their world class products.

The proposal would be non-ongoing, distribute funding evenly over 2 years and start on 1 July 2025.

Read more