Senate set to dump company cuts

Original article by Rosie Lewis
The Australian – Page: 6 : 22-Aug-18

The company tax cuts package is likely to be rejected by the Senate, despite the Federal Government’s move to exclude the four major banks from the lower tax rate. One Nation leader Pauline Hanson has signalled that she will not support the bill, including the amendment to exclude the big four banks. Meanwhile, Finance Minister Mathias Cormann has told crossbenchers that the tax rate for large companies will need to be reduced at some point, to ensure that Australia is globally competitive.

CORPORATES
ONE NATION PARTY, AUSTRALIA. DEPT OF FINANCE, CENTRE ALLIANCE, AUSTRALIA. DEPT OF THE TREASURY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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