Original article by Ben Potter
The Australian Financial Review – Page: 8 : 10-Dec-18

Leading economists Ross Garnaut and Craig Emerson have proposed a major overhaul of the corporate tax system. They have proposed taxing a company’s cash flow rather than its profits, arguing amongst other things that this would result in increased tax revenue at a lower rate and result in a more level playing field between small companies and multinationals. They add that it would also result in increased investment and reduce the incidence of tax avoidance via profit-shifting.

CORPORATES
APPLE INCORPORATED, CHEVRON CORPORATION, BHP GROUP LIMITED – ASX BHP, AUSTRALIA. DEPT OF THE TREASURY, UNIVERSITY OF MELBOURNE, VICTORIA UNIVERSITY, LONDON SCHOOL OF ECONOMICS, INDUSTRY SUPER AUSTRALIA PTY LTD