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The government has been urged to resist a knee-jerk response to the sweeping US corporate tax rate cuts despite a burgeoning need to address the “competitive tax disadvantage” facing Australia, says The Tax Institute.
Speaking to Accountants Daily, The Tax Institute senior tax counsel Professor Robert Deutsch said the US tax cuts, which saw the rate slashed to 21 per cent from 35 per cent, should spur “careful consideration” of Australia’s competitive position with other jurisdictions.
Read the full article on Accountants Daily.