Minister for Finance Mathias Cormann said corporate tax cuts in the US had led to ‘stronger investment, stronger growth, a lower unemployment rate and higher wages’. Let’s take a closer look.
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Articles sur corporate tax cuts
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As speculation mounts there will be another leadership challenge sooner rather than later, the government has finally lost its bid to award tax cuts to big companies.
A social media post shared by GetUp! Australia suggested US real wages had dropped significantly following the enactment of Trump’s corporate tax cuts in January. We asked the experts to check it out.
On Q&A, Australian Chamber of Commerce and Industry chief executive James Pearson said almost 60% of small business owners in Australia are paid $50,000 or less. Is that right?
Research shows there is a link between tax cuts and increased business investment, but the effect is likely smaller than politicians and businesspeople say.
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Dean of Business School, University of Southern Queensland
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Economist at Centre of Policy Studies, Victoria University
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Professorial Fellow, University of Canberra
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Associate Professor, Centre of Policy Studies, Victoria University
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Senior Lecturer, UNSW Sydney
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Vice-Chancellor’s Fellow, University of Tasmania
