The Tax Foundation’s International Tax Competitiveness Index (ITCI) measures the competitiveness of tax systems in 38 OECD countries based on low tax burdens on business investment and neutrality in tax codes.
Federal Minister for Industry and Science, Ed Husic, has suggested that Labor may consider providing a tax cut to corporations in order to free up investment capital for the Future Made in Australia Act. Kristen Sobeck, a Research Fellow at the Tax and Transfer Policy Institute, Crawford School of Public Policy, discusses whether this potential tax cut would lead to higher investment in Australian businesses.