Prime Minister Malcolm Turnbull has seized on International Monetary Fund (IMF) forecasts predicting a rise in global economic growth following the US administration’s corporate tax cuts, to call for similar cuts here.
corporate tax rate
At ANZ’s Annual General Meeting in December last year, chairperson David Gonski asked why any corporation would stay in Australia where they are taxed "so highly" in comparison to other countries?
The response to this is that companies should be made to pay even more tax, and those which pay none should be made to pay. More than one third of large public and private companies paid no tax in 2014-15.