How Foreign Companies Cut Australian Tax to 1.5%

An obscure Australian tax rule from 1936 still in force lets foreign shipping companies pay tax at just 1.5% of their Australian freight income. That can mean an insanely low tax bill when profits are high, but comes with a catch when times are tough. 🚢💰

Chapters:
01:03 The 5% Rule
02:52 When Tax Law Doesn't Want to Know
05:42 Made Loss, Still Taxed

Subscribe to @TaxStrategyStuff for breakdowns of Australian tax.

#TaxAustralia #ATO #AustralianTax #ShippingTax #Section129 #TaxExplained