Submission to the Senate Inquiry into Enterprise Tax Plan Bill 2016 - The Centre for Independent Studies
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Submission to the Senate Inquiry into Enterprise Tax Plan Bill 2016

The growing company tax burden contrasts with the state of the economy, which is showing some weaknesses and facing substantial risks — as discussed later in this paper. Australia’s company tax system is not well placed to address these risks. The tax rate was 49% in the 1980s, and was cut several times since then to reach 30% in 2001–02,7 but has not changed since then.

The uncompetitive nature of Australia’s company tax system is examined in this submission, along with the benefits of the tax cut; and responses to some of the arguments presented against the policy.