Tax reforms needed to energise investment

January 4, 2020
Tax reforms needed to energise investment

Australia’s leading economists are desperate for further tax reform this decade, arguing cuts to corporate and personal income taxes will energise the economy by boosting domestic growth and will also take the pressure off the Reserve Bank.

But not everyone was convinced lowering corporate tax was a sound idea.

“The economic benefit of cutting company tax rates in an economy with high dividend franking is relatively small,” said Yarra Capital Management head of macro and strategy Tim Toohey

Read more…. (subscription to The Australian Financial Review required).