Rabbitoh, Paul Keating blew the Liberal Party's 'Corporate Welfare Plan' right out the door this morning and the Brexit just added a blowtorch to the servicing of private and public debt.
"... Former Labor prime minister Paul Keating has lashed out at suggestions he would support the Coalition's corporate tax cuts, calling the $48 billion plan unaffordable. ..."
"... "Tax reductions are desirable provided they are affordable," he wrote. "But I would never have countenanced a $50 billion impost on the budget balance with a discretionary unfunded tax cut."
Mr Keating said the financial impact of the tax cuts, to be phased in over 10 years, would be "massive". ..."
http://www.smh.com.au/federal-polit...n-fiery-letter-to-editor-20160623-gpqq18.html
Australia can no longer afford to permit corporate tax avoidance, FBT gifts, $Rewards to corporate polluters, fossil fuel subsidies for large corporations, grants, incentives, rebates, concessions, ........ talk of gifting them yet another $50Billion as tax cuts following the damage the Coalition has done to the Budget is grossly irresponsible, profligate folly.
