Australia must shift taxes off productive effort (members)

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ScreenHunter_3843 Aug. 20 08.38

By Leith van Onselen

In the wake of biotechnology manufacturer, CSL’s, decision on Monday to build its new $500 million factory in Switzerland rather than Australia, Reserve Bank of Australia (RBA) board member, John Edwards, has called on Australia to cut its company tax rate to boost global competitiveness. From The AFR:

Dr Edwards said Australia needed to do more to ensure its tax system could compete…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.