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The Minerals Council of Australia (MCA) has urged the federal government to reduce the company tax rate as part of its post-coronavirus economic strategy.
MCA CEO Tania Constable says the nation’s corporate tax rate is not internationally competitive, and measures such as tax reform and speeding up project approvals could prompt a new wave of resources projects worth around $100 billion:
MCA chief executive Tania Constable, who represents major miners including BHP, Rio Tinto, Glencore and Whitehaven, said the government must seize the opportunity for “pragmatic and targeted reforms to fast-track Australia’s recovery from COVID-19”…
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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.