With the Turnbull Government still needing the support of crossbench senator Tim Storer for its company tax package, and Storer calling for comprehensive tax reform, the Business Council of Australia (BCA) has used a submission to a Senate inquiry to argue that changes to the company tax rate should not be stalled, as broader reforms will take too long to achieve. From The AFR:
“Australia needs a mix of taxes that doesn’t overly discourage people from participating in the workforce and being entrepreneurial, and does not unduly penalise businesses from investing, innovating and creating well-paid jobs in Australia,” the submission to the Labor-led inquiry said.
