Company tax

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Cabinet Secretary Arthur Sinodinos outlines the case for a cut in the company tax rate. Mick Tsikas/AAP

Workers would benefit from lowering company tax: Sinodinos

Cabinet secretary Arthur Sinodinos has made a strong pitch for giving priority to a company tax cut in the coming budget as the best way to boost growth, with a significant flow on for workers.
Opposition leader Bill Shorten, Shadow Treasurer Chris Bowen and Shadow Assistant Treasurer Andrew Leigh have said their multinational tax package will make big firms pay their fair share. AAP Image/Mick Tsikas

Labor’s multinational tax package misses the point

The tax package recently announced by the Federal Labor party is clearly well intentioned but it misses the point about multinationals paying their fair share.
The Australian community has been involved in many discussions about tax in the past, and now it’s time for some new decisions. Image sourced from Shutterstock.com

It’s time to choose what kind of tax system we want

Five years on from the Henry Tax Review tax reform is upon us again, and this time Australia must plan for the future.
Companies that try to aggressively avoid tax face scrutiny from activists and journalists. AAP Image/NEWZULU/HOWARD JONES

Tax transparency trend forces companies to face reality

Some may be surprised to hear the Corporate Tax Association (CTA) is calling for greater transparency around the tax paid by companies. One may ask why major companies would prefer to enhance transparency…
It is true that our “headline” (or statutory) corporate tax rate of 30% is higher than that of many other countries. (AAP Image/Dean Lewins)

FactCheck: is Australia’s corporate tax rate not competitive with the rest of the region?

“Well, Jon, the Government’s about to bring in a 1.5% corporate, or company, tax cut from the 1st of July. That’s something that obviously we support, because (the) corporate tax rate at 30% is not competitive…
Kansas Governor Sam Brownback was re-elected despite a tight fight over his tax cuts and resulting deficit, which were revealed to be worse than expected just days after the election. Reuters

Brownback’s Kansas tax experiment may prove death knell for corporate reform

Republican gains in this month’s election, which handed the GOP united control of Congress for the first time since 2006, have lifted hopes that the government can pass corporate tax reform next year…
A bitter inversion: AbbVie nixed its US$54 billion acquisition of Irish drug maker Shire after the US Treasury eroded the benefits of doing a corporate inversion. Reuters

Need to access cash is driving surge of corporate inversions, not the high US tax rate

Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of…
After a promising start to an ambitious economic turn-around program, Prime Minister Shinzo Abe will have more difficulty with tax changes scheduled to come in over the next few years. EPA/Harish Tyagi

Japanese tax hikes loom large for Abenomics

Another record trade deficit for Japan is raising doubts about Prime Minister Shinzo Abe’s “Abenomics” strategy for economic revival. The new figures follow poor manufacturing sentiment numbers earlier…

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