Birdwatch Note Rating
2024-03-28 07:32:31 UTC - HELPFUL
Rated by Participant: A04C0B1B084FA410F992DE1C309FB9E9BAB2F595FA5F4A912DDF1D4E350C2FB4
Participant Details
Original Note:
NNN In Australia company tax >is< paid on income which is a company's revenue less expenses, simply a different way to say profit. The numbers quoted in the OP are for the 2020 to 2021 financial year, not the 2020 calendar year that the note refers to. https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/income-and-deductions-for-business
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