Dr Jack Mintz

Readers who trouble themselves to buy The Australian or The Financial Review yesterday would not have been surprised to see the Minerals Council of Australia supporting a reduction in company tax rates. Its urgings were accompanied by a report "showing workers stand to benefit the most, and that Australia’s corporate tax burden is now among the highest in the developed world". The report found that a cut in Australia's "uncompetitive company tax rate" "would primarily benefit wage-earners" and "stimulate new foreign investment and economic growth", the Minerals Council's Brendan Pearson claimed.