Wesfarmers: Tax cut spurs wages growth

Original article by Joanna Mather, Brad Thompson, Andrew Tillett
The Australian Financial Review – Page: 1 & 8 : 15-Jan-18

A number of US companies have announced plans to increase minimum pay rates or provide bonuses to staff in response to the Trump administration’s company tax cuts. The Australian Government will reintroduce its across-the-board company tax cuts package when parliament resumes in February, and Revenue Minister Kelly O’Dwyer has stressed the need for the nation’s tax regime to remain competitive. Wesfarmers CEO Rob Scott and the Group of 100’s Australian president Andrew Porter argue that company tax cuts could boost local wages.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, WESFARMERS LIMITED – ASX WES, GROUP OF 100 INCORPORATED, WAL-MART STORES INCORPORATED, FIAT CHRYSLER AUTOMOBILES NV, AMERICAN AIRLINES INCORPORATED, AT&T CORPORATION, BANK OF AMERICA CORPORATION, WELLS FARGO BANK, REPUBLICAN PARTY (UNITED STATES), COLES SUPERMARKETS AUSTRALIA PTY LTD, TARGET AUSTRALIA PTY LTD, BUNNINGS GROUP LIMITED, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI

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