Australia is at a critical point. Our economy is beginning to show green shoots so now is the time to pull out all stops to super charge that growth. Now is the time to push hard for increasing our productivity so we can create the conditions for higher incomes. Now is the time to get big investments in sectors like mining, agriculture, energy and advanced manufacturing so we can compete and export on the global stage. This is what a more competitive company tax rate is all about. Driving more investment so we can create new businesses, expand existing business, export more, create new jobs and deliver higher incomes. We are falling behind on our tax rates. We have no time to waste. |
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Australia’s top company tax rate of 30% is the 5th highest in the OECD.
The average company tax rate across the OECD is 24%.
The average company tax rate in Asia is 21%.
As other countries have lowered their company tax rates, Australia’s has been left frozen in time for 16 years.
Australia’s top company tax rate of 30% will shut us out of the competitive global contest for investment needed to create jobs and drive higher wages.
The proposed reduction to a top rate of 25% will permanently grow the Australian economy by 1% – or $17 billion a year in today’s terms.
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Australia's Company Tax Rate is Not Competitive
We are kidding ourselves if we think we can impose one of the highest tax rates in the developed world on Australian businesses and expect them to thrive, invest and create jobs.
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Australia Needs Business to Thrive
Some say Australia can't afford company tax cuts. The truth is we can't afford to not have company tax cuts.
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This is Not a Tax 'Giveaway' to Business
Treasury estimates reducing the company tax rate to 25% will increase GDP permanently by 1% – or $17 billion a year in today’s terms.
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Small Business Benefits
Big and small businesses rely on each other and are stronger together.
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Companies are Significant Taxpayers
It might seem popular to attack the business community, but where would Australia be without business?
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Download Our Company Tax Booklet
Download: Download: Company Tax Booklet
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CEO Testimonials
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