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Economists give 'thumbs down' to LNP's plan to cut company taxes

Peter Martin reports in the Brisbane Times (25.6.16) that of the 23 leading economists polled for the Scope BusinessDay Economic Survey, those that answered the questions about tax backed Labor's plan by 10 to three, and opposed the Coalition's plan by 10 to six.

'The key objection to the Coalition's company tax cuts was that they would have to be funded, most likely from bracket creep, higher taxes, or cuts to government spending. Estimates of the ongoing cost range from $9 billion to $13 billion per year.'

 

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