Company tax cuts a 'fantasy right wing economic policy' | Sky News Australia

Former Labor Minister Stephen Conroy has cast doubt on the government's company tax cut calling them a "fantasy, right-wing economic policy". Mr Conroy said the tax scheme has resulted in a "gorging on buybacks" that only benefits executives and shareholders.

"Government ministers say wages will increase from this tax cut - well in America, that hasn't happened," Mr Conroy said. "Businesses have made the greatest level of profit share compared to wage share in five or six years compared to the last 30 years." Image: News Corp Australia

Stopped reading after the word labor. Anything after that would be complete BS

well we all know one way to help small business to thrive is by smothering it in red tape and tax the guys a genius COVIDIOTS auspol ausbiz

END this stupid argument about company tax rates. GET the ATO to publish the average company tax rates PAID and you will see its no where near 30%, It's something in the range of 15-20% 7NewsMelbourne 9NewsMelb 9NewsSyd 7NewsCanberra 3AW693 10NewsFirst theage couriermail

Has sky gone left?

RT : Former Labor Minister Stephen Conroy has cast doubt on the government's company tax cut calling them a 'fantasy, right-wing economic policy'.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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US investment and improved technology key to the success of business in Australia | Sky News AustraliaHancock Prospecting Executive Chairman Gina Rinehart says she would like to see Australia “welcome US investment” to improve the “sustainability, safety, productivity and competitiveness' of Australian businesses. \n\nMs Rinehart said she initially needed “to borrow more than US seven billion (dollars)” to fund her $10 million dollar iron ore mining operation at Roy Hill.\n\nThe project went on to become a financial success and broke records as the “largest largely green field debt funding from mainland resource projects anywhere in the world,” she said \n\nAccording to Ms Rinehart, 'the USA is a world leader in technology, automation and robotics which along with cutting red tape and taxes, is critical to improving productivity and competitiveness in Australian businesses”. \n\nEfficient train operations and battery technology had helped to reduce power costs for her company, she said. \n\nMs Rinehart is now in the process of contributing towards the development of an interim solution targeting “improved protocols to help patients suffering with COVID-19”. \n Big Gina Look at all this impartial, unbiased journalistic integrity 🤣
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