One Nation kills company tax cut once and for all

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By Leith van Onselen

Pauline Hanson has written an article in The Australian confirming that One Nation’s two senators will not support the Coalition’s company tax cuts for large companies, effectively killing the Bill in the Senate:

Last year I supported tax cuts for small to medium businesses with a turnover of up to $50 million a year. Eligible companies will pay a rate of 27.5 per cent in 2017-18. The tax rate for these companies will progressively fall to 25 per cent by the financial year 2026-27.

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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.