AFR flogs company tax dead horse

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By Leith van Onselen

The AFR’s Market View continues to flog the company tax dead horse, arguing that lower company taxes are necessary to lift wages:

One reason wages are not rising that fast today is that company taxes are too high. Treasury modelling shows that two-thirds of the benefits of cutting company tax would flow through to workers. If companies have more capital, their workers get better tools to produce more and earn more…

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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.