The Business Council of Australia's members have decided that, if the electorate won't give them a 25% tax rate, they're only going to pay that anyway.
The 2016-17 corporate tax data released by the Australian Tax Office yesterday shows, on average, the BCA membership paid just 25.3% in tax on taxable income. That's only marginally up on the 24-25% BCA members have paid in years past, despite Treasurer Josh Frydenberg issuing a media release yesterday insisting the "government’s plan to ensure big businesses pay their fair share of tax is working".
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