Australia dithers while Canada acts? Tax reform in resource-rich countries
Australia is failing in its pursuit of global capital and investment, particularly with a globally uncompetitive company tax rate, unchanged since 2001. By contrast, Canada has been a successful tax reformer, with the federal-provincial corporate tax rate falling from 43% in 2001 to 27% in 2016 and the virtual elimination of capital taxes, amongst other policies.
Has Canada powered ahead of Australia because of Canada’s lower tax burden on business? Why has Canada succeeded in tax reform while Australia has failed? Will tax changes proposed by Donald Trump in the US be game changers for both countries?
The Centre for Independent Studies (CIS) and the Canadian Australian Chamber of Commerce (CACC) are pleased to host a joint event discussing these and other questions. This event will hear from Canadian tax expert, Dr Jack Mintz, President’s Fellow, School of Public Policy at the University of Calgary and former chair of the Canada’s business tax panel that led to Canada’s reform, and Michael Potter, Research Fellow at CIS.
The event will also discuss the sweeping implications of the US Republican party’s tax plans for the US, Canada and Australia: how the plans could encourage capital flight from Australia and Canada and severely worsen Australia’s disadvantage in the competition for global capital.
Details of the event are as follows:
When: Monday, 13 March 2017
Where: The Centre for Independent Studies, Level 1, 131 Macquarie Street SYDNEY NSW 2000
Time: 12.15 pm for a 12.30 pm start. The event will conclude at 1.45 pm
Cost: $30 per person (the ticket price includes a light lunch)
To secure your place please book at www.cis.org.au/events or call (02) 9438 4377.
Please note that all bookings are transferable but non-refundable. If you wish to transfer a booking you must advise the organisers of the name change at your earliest convenience.
For event enquiries please email Max Hawke-Weaver at firstname.lastname@example.org
For media enquiries please email Karla Pincott at email@example.com
Limited parking is available within the building complex. Online pre-bookings are essential to secure a car spot and discounted parking rate. Please visit the Secure Parking website, select the car park at 131 Macquarie Street and enter the promotion code: CIS10 when making your booking. If you are travelling by train, Martin Place and Circular Quay are the nearest stations to our office, with Wynyard a few minutes further away.
This event is proudly delivered in association with the Canadian Australian Chamber of Commerce.