Turnbull is an investment banker, see bank royal commission, he was a business partner to Nifty Shifty Nev, one of ours, and a thief, end discussion on tax cuts, it will always be my view a single every one pays at the same rate, on every thing, tax is worth a look remains my view

Lowering the taxes such as corporate tax and taxes on employees would be a great start to increase jobs.
Shadow Minister,
Yeah well, but wouldn't that require politicians with at least half an ounce of integrity, half an ounce of common sense & half an ounce of decency ?
Where on Earth would you find one of those ?

Foxy,

As I don't generally watch the insiders I have no idea what Mathias Cormann said, but as it is the cold hard reality backed by facts it is not unrealistic that we would come up with the same argument.

Increased company profits generate expansion which increases jobs. There are exceptions such as the banks where expansion is limited to a relatively static market, but generally, the correlation between low taxes and increased investment and jobs is by experience clear and unambiguous.

The examples of Ireland, Singapore, Hongkong, and Taiwan are all 20% or lower, and all of them have had above average economic growth for decades. This is not a coincidence.

Canada with a very similar economy has dropped company tax to 25% and the UK to 19% and just about every country in the world is dropping company tax rates so either just about every economist in the world has gone barking mad, or there must be something in it.

https://home.kpmg.com/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/corporate-tax-rates-table.html

Shadow Minister,

Tax expert Dr Hamson says the impact of Australia's
divided imputation system makes a case for wide-sweeping
corporate tax cuts harder to mount because the benefits
flow disproportionately to foreign investors.

He tells us that Australia and New Zealand are the only
two countries in the OECD where companies can distribute
profits to shareholders on which tax has already been paid,
thus reducing their tax payable.

In most countries, companies pay tax and then shareholders
pay tax on their dividends. This is not the case in Australia.
Australian generally taxes just once.

Cutting the company tax rate therefore does NOT result in a
higher after tax return on investment to Australian shareholders
in Australian businesses. The principal benefactors of a cut in
Australia's corporate tax rate are overwhelmingly foreign
companies and foreign shareholders in Australian companies.

The government says it is relying on these foreign entities
and investors to use the tax cut to lift their investments
in Australia.

indy you live in a dark world, one in my view that never existed, think with me about all those past PM s that had well over 50 support, there are a few if we say had four year terms politicians could get about reforming things not being stunned in the spotlight of needing to be elected

Belly, unless you want to allow low skilled workers work for ten bucks an hour, you are dreaming.

Even if that did happen, the low skilled would soon gain skills and replace the higher skilled in many jobs.

Sorry mate, we had a situation just ten odd years ago where anyone who wanted a job had one. Sure, the low skilled and lazy got paid less, but hey, at least they had the job you speak of.

Sorry, but the country chose to go with the Kevin 07 experiment and here we are, doomed im afraid.

We'd be better off just accepting it and planning on how we are going to manage the future, with the very first step being a total ban on immigration, at least until the dust settles and we find out just where we really are.