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Coalition’s company tax cuts: more than 40% of benefit flows overseas, report finds

Discussion in 'Market News' started by Lily, Jun 27, 2016.

  1. Lily

    Lily Forum Member

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    UTS report reveals $2.18bn a year of government’s $48bn tax cut will flow offshore to shareholders of multinational corporations and foreign tax authorities

    More than 40% of the benefit of the Coalition government’s $48bn company tax cut will go offshore to shareholders of multinational corporations and foreign tax authorities, a new report has found.

    The report by academics at the University of Technology Sydney, commissioned by GetUp, reviewed 250 of the largest payers of company tax in 2013-14.

    Related: Coalition's company tax cuts would hand $1bn a year to US – thinktank

    Related: Malcolm Turnbull says Grattan Institute 'wrong' about company tax cuts

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