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Pete is a foreign resident for tax purposes and lives in Singapore. He is an investment banker and was based in Sydney for 4 years
Pete is a foreign resident for tax purposes and lives in Singapore. He is an investment banker and was based in Sydney for years from and still holds some Australian investments from this time. Assume there is no Double Tax Agreement between Australia and Singapore for withholding tax rates. Pete derived the following income in the year ended June : Australian dividend income Unfranked Australian dividend income Fully franked Gross interest income from a bank deposit in Australia Gross interest income from a bank deposit in Singapore Net rental income from an apartment in Sydney $ $ $ $ $Based on this information what is the withholding tax liability that will be applied to the income earned by Pete in Australia for the year june What is the taxable income of Pete assessed at marginal tax rates in Australia for the year ended June
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