Chicken Chalmers is the core productivity problem

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This is as predictable as it is awful to watch:

Australia’s biggest corporate taxpayer, BHP, and the federal government’s productivity adviser are at loggerheads over a proposal to introduce a cash-flow tax on companies, undermining Jim Chalmers’ push to achieve consensus at his economic roundtable.

Instead of tax, which will be the final topic discussed on day three, Chalmers is prioritising consensus from business, unions, and the states to cut red tape and speed up approvals for building homes, clean energy and infrastructure, as a key outcome of the meeting.

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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.