Do you think cars are better than planes? What about apples? Are apples better than sandwiches? It is hard to answer some questions because they don’t make much sense. Take our political debate about climate change, for example.
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10 reasons why Australia does not need company tax cuts
1/ Giving business billions of dollars in tax cuts means starving schools, hospitals and other services. Giving business billions of dollars in tax cuts means billions of dollars less for services like schools and hospitals. If Australia cut company tax from 30% to 25% this would give business about $20 billion in its first year,
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As the Albanese government prepares to announce Australia’s 2035 climate target, pressure is mounting to show greater ambition.
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When Treasurer Jim Chalmers brings the nation’s economic leaders together next month, don’t be surprised if big business pushes – yet again – to cut the company tax rate.