Half the Australian businesses that got a tax cut have banked the cash
The figures show 51 per cent of businesses banked the cash, 27 per cent lifted their investment, 19 per cent hired more workers, and 3 per cent raised wages. The average tax cut was worth $2940.
The Turnbull government has argued that expanding the tax cuts will lead to increased investment, greater employment and higher wages, and are urgently required to keep Australia internationally competitive.
www.watoday.com.au/federal-politics/political-news/half-the-australian-businesses-that-got-a-tax-cut-have-banked-the-cash-20180502-p4zcuo.html
The modelling is stuffed.
Raider
