Pathetic Pauline backtracks on company tax cut

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Via the AFR:

One Nation leader Pauline Hanson says the big banks should not get the benefit of the Turnbull government’s company tax cut so they can instead compensate victims of financial planning scandals.

In blow to the government’s attempts to reduce the burden of corporate tax for companies with a turnover greater than $50 million a year, Senator Hanson’s support is wavering because of the highly damaging revelations to emerge from the banking royal commission.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.