Cormann presses crossbench on tax cuts

Original article by Joe Kelly
The Australian – Page: 4 : 20-Mar-18

Finance Minister Mathias Cormann says the Federal Government’s corporate tax cuts are needed to ensure that Australian businesses are internationally competitive. The Government will seek the Senate crossbenchers’ support for the tax package ahead of the May 2018 Budget, and it will require nine of them to vote in favour of the bill. The Nick Xenophon Team opposes the tax cuts, while One Nation leader Pauline Hanson is not convinced that reducing the tax rate for all companies to 25 per cent will result in higher growth in wages.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, NICK XENOPHON TEAM, ONE NATION PARTY, LIBERAL DEMOCRATIC PARTY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

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