‘End it now’: BCA urges PM to kill off company tax speculation

The Business Council of Australia has called on the Albanese government to stop flirting with the prospect of a new tax on corporate cash flow , claiming speculation alone will be enough to stifle already anaemic business investment.

The government is openly entertaining the idea of adopting the Productivity Commission’s recommendation to cut the corporate tax rate to 20 per cent for companies with turnovers under $1 billion. While about 99 per cent of companies would pay less tax under the reform, about 500 of Australia’s largest companies, including banks, miners and supermarkets who are key BCA members, would face a tax increase. Loading...