Treasurer Jim Chalmers is wrong to rule out reforms to Australia’s corporate tax regime, business leaders and experts say, urging Labor to take up calls from Industry Minister Ed Husic for overdue change.Tax watcher and Australian National University Tax and Transfer Policy Institute director Robert Breunig urged the Albanese government to consider an allowance for corporate equity, meaning marginal firms would pay no tax, while the big banks and mining giants would remain on the current 30 per cent headline rate.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
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