News

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.

Free Trial

You've hit members-only content.

Sign up for a FREE 21-day trial to keep reading and get the best of Crikey straight to your inbox

By starting a free trial, you agree to accept Crikey’s terms and conditions

9 comments

Join the conversation

The Crikey comment section is members-only content. Please login or sign up for a FREE trial to engage in the commentary.

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details

Sending...