Victoria University: Cutting company tax would make Australians worse-off

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By Leith van Onselen

Victoria University’s Centre of Policy Studies (CoPS) has released a new report, entitled The Economic Impact and Efficiency of State and Federal Taxes in Australia, which analyses deadweight losses and macroeconomic consequences of state and federal taxes, and challenges traditional orthodoxy regarding company taxes:

In total, we calculate excess burdens for nineteen major Australian taxes, of which sixteen are levied at the state/local government level. In addition to our study of the allocative efficiency impacts of the various state and federal taxes, detailed long-run (21 years postreform) results are provided and described, to quantify the economic and industry effects of Australian tax policy reforms.

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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.