Abbotts economic master plan is now to increase coy tax by 1.5% to raise money for his multi billion dollar PPL Scheme , which Business and the Liberals absolutely hate, and to keep Business happy he's going to reduce coy tax by , wait for it,by 1.5%.
When i went to school that gave you a big fat zero Mr Abbott , no wonder why Peter Costello laughed at Abbotts economic credentials.
www.afr.com.au
Tony Abbott and Kevin Rudd at an exhibition on Australia in Afghanistan at the Australian War Memorial on Tuesday. Photo: Melissa Adams Abbott’s tax cut for business PHILLIP COOREY , CHIEF POLITICAL CORRESPONDENT
Opposition Leader Tony Abbott will vow to cut the 30 per cent company tax by 1.5 percentage points if elected, ensuring the nation’s largest companies don’t have to pay extra for the Coalition’s paid parental leave scheme and delivering all other businesses a tax break.
The policy, to be unveiled in Adelaide on Wednesday by Mr Abbott and shadow treasurer Joe Hockey, will cost the budget $5 billion over the next four years and about $2.5 billion a year after that, according to the Parliamentary Budget Office.
