NG on housing, capital gains tax discount, multi national tax avoidance, page-49

  1. 24,356 Posts.
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    Nothing to do with miracles, everything to do with not being corrupt or a sheep.

    So what benefit do we get in forgoing revenue so our banks get a company tax cut?

    If like the original premise given for the company tax cuts (to increase jobs), why wouldn't an income tax cut be more effective, as it increases consumer's spending power, which flows back to all businesses and companies?

    How does giving our banks a company tax cut increase Australian jobs?

    Who is going to make up the revenue shortfall to pay for those cuts for the banks, will the sick and elderly have to be squeezed further?

    Lots of budget areas need to be looked at prior to even thinking about giving a company tax cut, let alone a blanket company tax cut.
 
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