Finance Minister and used car salesman, Mathian Cormann, has penned a desperate article in The Australian spruiking that “corporate tax cuts are essential for Australia’s growth and prosperity”:
Higher taxes on businesses in Australia compared with elsewhere puts them at a competitive disadvantage. Higher taxes make it harder for businesses to compete for investment, which makes it harder for them to grow, create jobs and pay higher wages. In contrast, a lower, more globally competitive business tax rate helps attract more investment, which is required if businesses in Australia are to expand, generate stronger economic growth, jobs and higher wages over time…
