Here's a long-term budget fix that would boost investment: replace company tax with cashflow tax
- Written by Ross Garnaut, Professorial Research Fellow in Economics, University of Melbourne
A simpler company tax system would collect more and could fund a lower rate.ShutterstockRather than waiting for the world to reach an agreement to act against multinational corporations that shift profits to tax havens, Australia should consider adopting our proposal for a cashflow tax, which would increase both investment and government revenue.
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