BCA lashes out again at company tax cut withdrawal

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By Leith van Onselen

Australia’s big business lobby group – the Business Council of Australia (BCA) – has once again lashed out at the Government’s flagged abandonment of company tax cuts for large businesses, claiming that it has effectively given up on “building future prosperity”. From The AFR:

The BCA, which represents bigger companies, said restricting tax cuts to smaller businesses would mean “missing out” on the bulk of potential investment gains and the nation’s global competitiveness would “barely improve”…

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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.