Treasurer Scott Morrison has argued, yet again, that the proposed across-the-board reduction in the company tax rate to 25% from 30% will boost wages and job security, noting that US companies have already begun increasing wages in the wake of the Trump administration’s tax reforms. From The AFR:
In an exclusive interview with The Australian Financial Review… Mr Morrison argued that businesses in the US had started to commit to pay increases for workers in the wake of the Trump tax cuts, and held out the prospect of similar trends happening in Australia…
