The Minerals Council of Australia (MCA) has welcomed new research that suggested a reduction in Australia’s company tax rate would benefit wage-earners and consumers, and could stimulate new foreign investment.
The paper, titled Growing the Australian Economy With a Competitive Company Tax, noted that Australia currently had one of the highest tax burdens on capital investment, with the country rating as the fourth highest effective tax rate among 34 Organisation for Economic Cooperation and Development countries considered.
