In June 2016, Malcolm Turnbull proposed a 10 year $50 billion corporate tax cut. If re-elected, Turnbull would reduce the tax rate on companies who earn less than $10 million by 1% to 27.5%. The following year the tax cut would apply to companies who earn less than $25m. Turnbull plans to pay for the cuts by reducing the number of superannuation tax concessions.
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Yes, but only on companies who earn less than 25 million. Large corporations especially monopolistic ones like Woolworths and Coles should have there corporate tax hiked, and Mining companies should be taxed extremely high - any natural resources being mined in Australia should be taxed 20% minimum on revenue generated.
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Yes. Encouraging businesses to be sustainable will help them remain operational, and support businesses in continuing employing staff, win-win. Businesses that remain sustainable and operational also mean less people on welfare. But please hands off on superannuation concessions as these concessions also help businesses to keep going.
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