Council chief warns Australia will be left behind as other countries slash their rates to ‘improve competitiveness’

Australia risks claiming the third highest company tax rate in the OECD if the Turnbull government fails in its bid to shift the top tax rate from 30%, the Business Council of Australia has warned.

As Scott Morrison attempts to shift focus back to the economy and the government’s moves to reform the nation’s tax system, the BCA has upped its advocacy for change, cautioning that moves by the US, the UK and France to drop their tax rates spelled bad news for Australia when it came to investment and competitiveness.

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