Treasury boss ‘quite comfortable’ with company tax rate – Michael West
– Treasury secretary Steven Kennedy defended Australia’s company tax rate as appropriate and supportive of a sustainable federal budget.
– Australia’s tax system is not considered uncompetitive compared to global standards.
– Large companies in Australia are subject to a federal tax rate of 30%, while small or medium businesses face a 25% rate.
– The limited supply of new dwellings is making houses unaffordable for households.
– The pandemic has contributed to sluggish construction in the housing market.
– Supply chain bottlenecks and inflated costs of materials and financing are compounding existing structural issues in the housing market.