Nov 20, 2017

American CEOs show that the Business Council is lying about tax cuts

Business says company tax cuts will lead to more investment and jobs. American CEOs are most honest -- they'll use it to boost their own pay. And history shows they're right.

Bernard Keane — Politics editor

Bernard Keane

Politics editor

It's concerning, and still a little surprising, that Australia's pre-eminent business lobby group, and its members, feel they can lie so blatantly about an important public policy issue as they are doing on company tax cuts.

In an effort to revive support for what would, at over $60 billion, be the greatest tax avoidance scam in Australian history, the Business Council is releasing a CEO survey to demonstrate that the extra money gifted by companies via the government's company tax cut would be used for investment. The survey, accompanied in the Financial Review by an op-ed from Business Council of Australia head Jennifer Westacott and backed by Malcolm Turnbull, purports to show four out of five CEOs would use tax cuts to increase investment.

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