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TAXING TIMES: Australia’s company tax system is hurting the nation’s competitiveness, according to key business lobby groups.

Calls for cut to corporate tax

Australia needs to reduce its corporate tax burden to remain competitive, according to a series of submissions to the federal government’s tax reform white paper.

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Perth
Corporate Tax Reduction will also need to be followed by Personal Tax reduction in order for it to be really attractive. I think if we can lower these two rates and then hike the GST, then it becomes a fairer tax. With a hike in the GST, those that are tow lazy to work , will be taxed everytime they got o a supermarket or shopping. So it would make more sense for them to actually go out and get a decent job,.

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