Australian gov't advised to cut company tax rate to boost productivity

NAMPA / Xinhua
2025-08-01
CANBERRA, Aug. 1 (Xinhua) -- A review commissioned by the Australian government has recommended cutting tax rate for small- and medium-sized businesses to boost productivity. The Productivity Commission (PC), the government's principal review and advisory body on economic, social and environmental issues, said in a report that the tax rate should be cut to 20 percent for all businesses with revenue of up to 1 billion Australian dollars (643 mi......
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