libs great big new tax, page-6

  1. 942 Posts.
    lol - your "subtlety" was not missed.

    Levies have been introduced and repealed when the time was right by the last Liberal government. Their record suggests they will do it again.

    Regardless, after 1 or 2 years, when the company tax comes down, the effective rate for the larger companies will be zero - EVEN IF THE LEVY STAYS. I have a feeling this is a little subtle for you.

    Regarding the MRRT, regardless of the fact that the figures supporting the sudden ability to have the MRRT instead of the RSPT haven't been released and it creates an uneven playing field between large and small miners, it was to apparently support a 1% drop in company tax. However, at the same time, super is to go to 12%, which is either paid for by the company, or by the employees who will have this factored into their paypacket.

    On top of this, the socalled increase you are worried about only affects the largest companies. Smaller companies will receive the immediate benefit of the decrease and Australia will become a more competitive place, attracting further business.
 
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