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Showing 1 - 2 of 2 results for "OBU regime"

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... allows its assessable offshore income after costs to be taxed at 10%, while the domestic income is taxed at 30%. The OBU regime has been in place since 1992. In 2018 the OECD's Forum on Harmful Tax Practices raised concerns including about the lower ...

Macquarie loses court battle with ATO

JAMES FERNYHOUGH  |  FRIDAY, 6 SEP 2013
... from conducting a retrospective audit of Macquarie's offshore banking income tax in 2006, 2007 and 2008. Under the OBU regime, revenue earned offshore is taxed at 10% rather than the standard 30% corporation tax, as a means of encouraging Australian ...
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