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The chart gives a breakdown from all sources Company tax brings...

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eagle888

46,202 Posts.

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15/02/18

01:19

Post #: 31063681
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Originally posted by asteroider ↑

I can see an argument for lowering company tax to encourage new startups, new foreign companies setting up here, existing business expanding etc.

An interesting question is where the govt gets most of it's revenue... (especially ignoring the recent GST invention which for this purpose can be considered a non-variable source)

I suspect (ignoring GST) it is mostly from PAYG tax and not corporate tax. Does anyone know? If this is the case it absolutely makes sense and Labor is off the mark.

The argument goes:
If no/few companies, then nobody/few employed (except the millions of bureaucrats) and the govt gets little in company taxes and Payroll taxes.

But if lower corporate taxes encourage more employment... Many companies, then many people employed and lots of payroll tax, and if company taxes are in a minority revenue to start with, well then.... anything received is just icing on the cake.

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The chart gives a breakdown from all sources Company tax brings in $71billion but it could be a lot more if it were not for tax avoidance provisions:

Where revenue comes from (2016-17)
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