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'.

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Source: SkyNewsAust - 🏆 7. / 78 Read more »