Is Australia an Attractive Location For Multi-Nationals?
The high standard of living, modern telecommunications and transport networks, wide variety of investment opportunities, and generally very well educated and trained workforce all contribute towards making Australia potentially a very rewarding place in which to do business. Add to this the fact that Australia is in a very favourable position to access emerging Asian markets, and the combination of federal and state incentives for those prepared to locate their regional headquarters there, and the picture becomes even more appealing. However, on the down side, the corporate taxation rates are far from appealing, and some may find the country’s Controlled Foreign Corporation legislation unduly restrictive. Worried about the international attractiveness of the Australian international business environment, the (then) newly re-elected right-wing Australian government (which has since been supplanted by a Labour administration) began an extensive review of business taxation in 2002. The Go
