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1.Market Observations, 8.Was Sticky

20 Dec 2016 (AFR) – MYEFO: Tax take smashed and getting worse

(20 December 2016, AFR, p9, by Joanna Mather)

‘A lower than projected corporate tax take coupled with weak employment and wages growth have punched a $30 billion hole in government revenue. But Treasurer Scott Morrison doubled down on his promise to cut the company tax rate, arguing the benefits would flow through to more jobs and higher wages in the future.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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