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Denying company tax cut to big business ’economically damaging’, crossbenchers told

The Turnbull government has warned Senate crossbenchers it would be “economically damaging” if small and medium businesses got a tax cut but big business did not, as the backroom lobbying effort on company tax reform moves into overdrive.

Denying company tax cut to big business ’economically damaging’, crossbenchers told
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Guardian Australia has seen a copy of the private briefing materials prepared for crossbenchers by the finance minister, Mathias Cormann, which have been circulated as part of efforts to stitch together the numbers to legislate a reduction in the company tax rate from 30% to 25% by 2026-27.

Read the full article on The Guardian.

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