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3. A company was incorporated in Japan on 1 July 2021. The company is carrying on a business in Australia and the central management and
3. A company was incorporated in Japan on 1 July 2021. The company is carrying on a business in Australia and the central management and control is in Sydney. During the 2021/2022 income year, the company had taxable income of $100,000 derived from Australia and taxable income of $50,000 derived from Japan. Discuss the income tax consequences
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