Minerals Council of Australia (MCA) chair Helen Coonan has called for an overhaul of the corporate tax system as part of the nation’s coronavirus recovery process.
She notes that Australia’s company tax rate is 3% higher than the OECD average and the second-highest among developed nations.
Coonan contends that tax reform will encourage investment and create jobs, particularly in the mining sector, noting that it has paid $234 billion in company taxes and royalties since 2007.
