New Business Council boss reignites the debate on cutting company tax

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The BCA's new president, Tim Reed, says a cut in the company tax rate is imperative and does not believe the debate is politically toxic in an era of low wage growth.

On the ACCC banking inquiry, Mr Reed signalled concerns that bank-bashing has become a constant theme in the wake of last year's financial services royal commission.

Mr Reed has refused to back suggestions that the Federal Government should shelve its budget surplus ambitions to free up money to stimulate the economy with tax cuts and infrastructure spending. A key supporter of same-sex marriage in the lead-up to the 2017 postal survey, Mr Reed believes business should not be silent on social issues and leaders have a responsibility to speak up.

"I was very active in talking about the same-sex marriage debate because it was important to our business. I wanted people to turn up and know that they were accepted for who they are and I think it is difficult to do that in a place where the laws treat people differently."

 

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...regular citizen reignites the debate for lowering the 50% paye tax rate, 10% gst, 28% state taxes... down to same level = 0% of the multinational tax rate...

A flat rate of 15% increases with inability to be sustainable money used for public education and medical, you want private pay for it no one is stopping you

First get the shirkers to pay what they should then they might get some public support.

Parasites...

Rather than put pressure on something that is currently off the table why not push for greater stimulus spending from the government? - that will keep more people employed and spending.

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