Labor tax breaks not enough

Original article by John Kehoe
The Australian Financial Review – Page: 8 : 18-Mar-19

Canadian economist Jack Mintz has produced a report on behalf of the Minerals Council of Australia. He concludes that reducing the company tax rate from 30 per cent to 25 per cent would do more to ensure that the nation remains internationally competitive than Labor’s proposal to provide businesses with a 20 per cent tax write-off for capital expenditure exceeding $20,000. The report also argues that the manufacturing sector would gain more benefit from Labor’s policy than industries such as mining.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s