Corporate tax take lagging expectations in Crown's 7-mth accounts

Wed, 27 Feb 2019

By Paul McBeth Feb. 28 (BusinessDesk) - The government isn't seeing as much tax from corporate taxpayers as it anticipated in the first seven months of the fiscal year, but the operating surplus is still ahead of forecast because of less spending than expected. The operating balance before gains and losses - obegal - was a $1.91 billion surplus in the seven months ended Jan. 31, $481 million more than forecast in the December half-year economic and fiscal update. Core tax revenue rose 6.3 percent to $44.66 billion and was some $251 m...

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