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After last month claiming that “Australia’s high company tax rate is wage theft on a grand scale”, Business Council of Australia (BCA) president, Grant King, returned yesterday for another dose of company tax cut propaganda. From The Australian:
Our high corporate tax rate is the area where we are under the most competitive pressure — we now have the third-highest rate in the industrialised world. A globally competitive tax rate is one of the most direct and effective economy-wide policy levers we have to boost investment.
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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.