Governments across Australia have completely failed to deliver, or even propose, meaningful reform in the face of an economic fallout caused by coronavirus. From deferred payroll tax payments to a wasteful cash splash, it appears that neither the state nor the federal governments are willing to provide the relief that businesses need to make it through the tough months ahead. By increasing government spending, the Rudd-style stimulus may technically stave off a recession, but this will not keep businesses open and workers employed.
All businesses have to pay taxes and comply with red-tape, so why not start with these two?
Australia has the equal third-highest company tax rate in the OECD at 30 per cent....
Already a subscriber? Log in
Easter flash sale:
10 issues for $1
Subscribe this Easter and get the next 10 issues of the magazine, plus website and app access, all for just $1.
- Weekly delivery of the magazine
- Unlimited access to spectator.com.au and app
- Spectator Australia podcasts and newsletters
- Full access to spectator.co.uk
Comments
Easter flash sale: 10 issues for $1
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
CLAIM OFFER 10 issues for $1Already a subscriber? Log in