Company tax cut – at a price

Original article by Ben Potter
The Australian Financial Review – Page: S1 & S2 : 23-Sep-15

Shadow treasurer Chris Bowen says the Federal Opposition is open to reducing the corporate tax rate to 25 per cent. However, he has told the AFR Tax Reform Summit that this should not be funded via an increase in the GST. ACTU president Ged Kearney told the summit that any reduction in the corporate tax rate should not result in lower tax revenue, but stressed that this does not necessarily mean that the GST should be increased. Economist Saul Eslake proposed cutting some income tax breaks to finance a reduction in the corporate tax rate.

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