Company tax not economy's silver bullet: Westacott | Sky News Australia

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A revival of the company tax cuts would be welcomed but would not be a silver bullet to revitalising the economy post-coronavirus, Business Council chief Jennifer Westacott says.

Treasurer Josh Frydenberg on Wednesday laid the groundwork for a return to tax cuts abandoned by Malcolm Turnbull in 2018. Speaking with Sky News on Wednesday, Ms Westacott said Australia needed a broad range of pro-business tax reforms to lift productivity.

“I think it is important for us to put it back on the table but along with other tax reform, it’s not the only thing that needs to be done,” she said. “If you’re going to do these sorts of reforms, you would surely do them now. "We have to take the reforms that position us for the next 10, 20, 30 years of continuous and strong growth." Image: News Corp Australia

 

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