Lurk before you leap

by Richard Denniss

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It’s always a bit sad watching someone torn between what they said they wanted and what they really wanted. Choosing can be hard at the best of times, but having an audience can make it excruciating, so spare a thought for the good folk of the Business Tax Working Group. Corporate Australia has told us for years that it needs lower company tax rates, but last week it had to admit to the government that, in fact, it didn’t really want them. Indeed, having told us for years that it also wanted to simplify the tax system, it also had to tell the Treasurer that it didn’t want that either. Ouch. That had to hurt.

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10 reasons why Australia does not need company tax cuts

by Jack Thrower

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,