The war for productivity

Monday 4 August 2025

It’s thrust and counter-thrust in the great rent-seeking debate of our time:

The PC has launched its allegedly radical plan to boost productivity via cash flow tax.

The Productivity Commission has revealed an ambitious plan to slash the income tax rate to 20% for all but the very largest Australian companies.

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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.