Original article by Simon Benson
The Australian – Page: 1 & 4 : 21-Dec-17
A new analysis by the Treasury notes that since 2001 Australia has failed to respond to the global trend to reduce corporate tax rates. The Treasury briefing also cautions that Australian wages, investment, economic growth and the federal Budget will be adversely affected if federal parliament fails to reduce the company tax rate. The release of the Treasury analysis has coincided with the passage through both houses of Congress of US President Donald Trump’s tax package.
AUSTRALIA. DEPT OF THE TREASURY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES), INTERNATIONAL MONETARY FUND, AUSTRALIAN LABOR PARTY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT