Henrietta works as a doctor in Sydney. She obtains advice that she can set up...
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Accounting
Henrietta works as a doctor in Sydney. She obtains advice that she can set up a company and pay tax at a flat 30 per cent rate. Her taxable income is $500,000. On 1 July, she sets up Cut Price Medical Pty Ltd and conducts her practice through the company. The companys taxable income is $500,000.
Is this tax effective?
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