Greg Jericho
Chief Economist

The first question in the debate was about our 3rd least competitive company tax rates and how company and business taxes need to be cut to restore our competitiveness.

Well, sorry but we do not have an uncompetitive tax regime. The best way is to compare – as the OECD does – the combination of personal income tax and company tax rates, and when you do that we are pretty much equal with the USA and lower than 4 of the G7 nations.

Also businesses don’t invest here because of out tax rate -0 they invest here because we have an educated workforce, good infrastructure, stable government, proximity with Asia, AND WE HAVE IRON ORE, COAL, GAS, AND A TONNE OF OTHER MINERALS HERE!!!!!