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We have a progressive tax system so in a nutshell. you pay the same level of personal taxation with a company.
A company does allow extra flexibility eg, if you have a great year and your forecast for next year is negative, you can leave the extra $$$ in the company and be taxed at a lower rate in year 1.
Some businesses do better as a Sole Trader or a Trust – these are matters for consideration with an Accountant.