"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.

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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