ANZ CEO Says High Taxes Block Hub Status
ANZ Chief Executive Nuno Matos stated that Australia lacks the favourable tax regime required to become a top Asian financial hub. Speaking in Sydney, he noted that capital flows to low-tax rivals like Hong Kong and Singapore.
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ANZ GROUP HOLDINGS LTD CEO Nuno Matos said Australia lacks the tax regime required to become a top regional financial hub. Matos spoke during a conference in Sydney on Tuesday morning. Australia has strong domestic savings and developing capital markets, but high capital taxation deters foreign investment.
