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You are the accountant of a listed company with a newly acquired subsidiary and one of the directors mention the article titled Almost a third
You are the accountant of a listed company with a newly acquired subsidiary and one of the directors mention the article titled Almost a third of Australia's large companies pay no income tax, published on 03 November 2022 in the Guardian. The article mentions that When we look at a corporate entity, we look at the entire economic group structure and which entities are paying tax When we analyse this population at the group level, the percentage with nil tax payable drops from 32% to 20% because at least one entity in the group did pay tax.. The director has asked you to present to the board at the next meeting explaining how a group structure paying the corporate tax? Provide justifications for your
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