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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
Here's a long-term budget fix that would boost investment: replace company tax with cashflow taxA simpler company tax system would collect more and could fund a lower rate.Shutterstock

Rather 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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