Friday, October 18, 2019

"Not politically toxic" - new Business Council of Australia president Tim Reed reignites corporate tax cut debate

Newly-appointed Business Council of Australia president Tim Reed has revived hopes for eventual cut to corporate tax dismissing concerns that a renewed campaign would be politically toxic.

READ THE STORY HERE

The former veteran chief executive of the business software firm MYOB concedes that cutting corporate tax is off the agenda of the Morrison government but believes a lower rate will be necessary for Australia to remain globally competitive. 

Mr Reed tells ABC's Peter Ryan he does not think the government is anti-business despite "big stick" government intervention in the energy sector.

Business Council of Australian president Tim Reed   source: supplied

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