55pc tax on retained profits is second-highest in the world (opens original article in a new tab)

A former Treasury official states that proposed capital gains tax changes could result in Australian companies facing one of the world's highest tax rates of over 50% on retained profits, with concerns about reduced reinvestment and higher dividend payouts.

• 55pc tax on retained profits is second-highest in the world
• Former Treasury official warns capital gains tax changes will lead to high tax rates on corporate profits
• Fund managers warn tax changes may deter business reinvestment and increase dividend payouts