Zombie Turnbull chops company tax cuts, immigration next

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The beauty of politics is that it is so predictable. The phrase “always back self-interest” is a pure truth in the political arena. Hence this is no surprise at all, via the AFR:

The federal government is no longer committing to take any unlegislated company tax cuts to the next election.

Finance Minister Mathias Cormann, who will try one last time to secure the passage of the remainder of the tax-cut package, indicated on Monday that the only cuts that would be taken to the next election were those that had been achieved.

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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.