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Flat White

Want the best economic stimulus? Cut payroll tax

16 March 2020

2:30 PM

16 March 2020

2:30 PM

Governments across Australia have completely failed to deliver, or even propose, meaningful reform in the face of an economic fallout caused by coronavirusFrom 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....

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