Original article by Tom McIlroy
The Australian Financial Review – Page: 5 : 3-Jul-18

Tax experts have expressed concern about the complexity of the company tax regime if Labor wins the next federal election and retains the current tax rate of 27.5 per cent for businesses with turnover of $10m to $50m. Opposition Leader Bill Shorten was recently forced to back down on his proposal to reverse company tax cuts that have already been legislated. However, Grant Wardell-Johnson of KPMG says a two-tiered company tax system is not economically justifiable and will deter foreign direct investment in Australia.

CORPORATES
AUSTRALIAN LABOR PARTY, KPMG AUSTRALIA PTY LTD, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET