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The Forum > Article Comments > More tax regulation is not the answer to prosperity > Comments

More tax regulation is not the answer to prosperity : Comments

By Pete Calleja, published 30/5/2012

Australia should not labour under the illusion that it can set tax rates in isolation from the rest of the world.

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"The argument for Australia to create a tax system that is attractive to foreign investment is further supported by the global business trend which has seen multinationals move from a country-by-country or duplicative territory models to a more centralised regional or global business model. As a result, Australia faces increased competition from its neighbours to maintain and attract the principal functions of multinationals including but not limited to high end manufacturing, research and development and regional or global headquarter activities."

In light of the above, it is sad indeed that the Labor Government can be so dysfunctional as to choose to please the Greens (who have shown that they are anti-development, anti-population and science and economics illiterate), rather than act in the national interest.
Posted by Raycom, Wednesday, 30 May 2012 1:24:36 PM
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