Shadow, just have to agree with you, these poor multinationals are on the bread line, doing it tough, barely surviving. Trump cuts tax for the big end of town to 21%,including for Trump Incorporated, Tories in Pommyland have it at 19%, Turnballs should cut it to 17%. Then Trump could hit back with 15%, the Tories 13% etc etc, a race to zero tax for the big boys, but most are paying ho tax anyway. What did I say about having your political cronies looking after you. Then there are the useful idiots who go on about the big end of town are creating jobs for us, the poor undeserving.

Shadow, they might have you brainwashed, but not us thinkers.

Definition of thinker, Paul style;

Regurgitator of ideological clap trap, pontificated from on high, by the "leaders".

Paul,

There is a treatment for thinkers that suffer from mental bulimia like you. From Ritalin for mild cases to prozac for committed Greens.

When conditions are adverse, companies don't just fire everyone and close, they cut costs and run lean until the market turns as the commodities market is now doing.

Preliminary models show that a failure to act on interest rates could cut the economy by about 1% or $18bn p.a. with a loss of tax revenue equal to any loss in tax revenue from cutting the company tax rate.

If just about every country is cutting corporate tax, either they are all idiots, or the left whingers are.

Shadow,
Though Australia's headline company tax rate is now high by international standards, the effective rate is much lower, so we needn't be too worried about what the Americans are doing. We do have a lot of exemptions, and I think it's fair to conclude that in the petroleum sector at least, those are both too numerous and too generous.

Lower company tax rates are one of the many factors that boost business investment. Considering the cost to the government of cutting them is very high, I say it should be a low priority objective. Meanwhile it would be better to invest in infrastructure and education. I'd also like to see a policy of keeping interest rates permanently low; this would encourage business to make long term investments, but it would require fiscal policy to be used to control inflation.
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mhaze,
An economic analysis is only as good as the assumptions it makes. If we ignore the macroeconomic effects and the government's response to them, the 20–30–50 split is credible. Yet if the government competently manages fiscal and monetary policy, the problem of underinvestment would be avoided, so almost 100% of the benefit would go to the shareholders.

mhaze,

Unless you can produce "The best economic analysis" to prove me wrong, I'll stick to my assertion, thanks.

mhazing
Gee whiz thanks I sat down , spat the dummy and had a tantrum when reading this Financial Review comic book:
"ExxonMobil Australia chairman Richard Owen said last weekend that 2017 looked to follow suit in the stretched east coast gas market.
Exxon said in 2016 it made a $34 million profit before tax from continuing operations."
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