DB Bank is a resident company that carries on a banking business. Discuss how the withholding tax regime would apply to dividends and interest it pays to its non-resident shareholders and non-resident depositors. [Answer here]

b) Beck Corp is a resident company, in 2021 it received $8.5m of Australian source income and $4.5m of foreign source income. The foreign source income was subject to foreign income tax at the rate of 35%. Considering the FITO, calculate Beck Corps Australian tax liability.