Australia gov’t to double foreign investment fees, penalties - BusinessWorld Online

📆 22/07/2022 4:15 p. m.
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Australia will double the fees for foreign investors looking to buy assets in the country, Treasurer Jim Chalmers said on Friday, as he grapples with protracted budget deficits and seeks to boost government revenue.

SYDNEY —

Mr. Chalmers said he continued to back foreign investment in Australia but he had to make the decision due to “the state of the budget we have inherited from our predecessors.”

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