Original article by Jennifer Hewett
The Australian Financial Review – Page: 2 : 4-Aug-15
CSL is one of Australia’s most successful companies. It is a global player in the field of biotechnology. CFO Gordon Naylor complains about high tax rates in Australia which, he believes, hinder the development of the country’s advanced manufacturing sector. CSL advocates the introduction of a new tax rate of 10 per cent for advanced manufacturing. Under the current tax regime, Australian companies pay 30 per cent in corporate tax.
CSL LIMITED – ASX CSL, BLOOMBERG LP, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE