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Features Australia

No way to promote recovery

Why are we giving away countless billions to foreigners?

29 August 2020

9:00 AM

29 August 2020

9:00 AM

Recently, economists writing on behalf of business organisations, such as Jeff Bennett and Tony Makin claim that ‘Australia’s internationally uncompetitive company tax rate deters investment, both domestic and foreign. This adversely affects productivity, employment and wage growth.’ Not so!

Investment, like any other economic decision, depends on fundamentals. Since subsidies to renewables, etc.,

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Peter Swan AO is Professor of Finance, UNSW-Sydney

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