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It has been floating around again for a while, but this morning Josh Frydenberg put company tax cuts firmly back on the table.
Business Council of Australia chief executive, Jennifer Westacott told Sky News’s Laura Jayes they were absolutely needed (but she would say that, wouldn’t she).
We’re trying to solve business investment, which was low before this terrible crisis. It’s business investment that drives productivity which drives higher wages. So that’s the problem, let’s frame that up first. Look I think it is important for us to put it back on the table but along with other tax reform. It’s not the only thing that needs to be done. It’s important that we look at the state taxes, the productivity sapping stamp duty taxes, payroll tax. It is interesting how much payroll tax has been deferred.
The whole question of the right configuration of the state taxes. Whether or not we bring forward those other income tax cuts. So it’s not just company taxes but it is important we have a competitive company tax rate. To the treasurer’s point, we’re not asking, in the Business Council, for us to have the lowest rate, we’re simply asking for a competitive rate, so that we can be a magnet for investment in this country.
In case you haven’t seen this as yet, or cried today, I am giving this another run, because we all need a bit of heartbreakingly lovely in our lives.
After noticing that Ken slept with a photo of his late wife every night, one of the carers at Thistleton Lodge presented him with this incredible gift... pic.twitter.com/Q1v8V8HUFS
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