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The Guardian - AU
The Guardian - AU
National
Patrick Commins Economics editor

The Productivity Commission has proposed a ‘cashflow tax’ for business. What does that mean?

Skyscrapers against blue sky in Melbourne, Australia
A Productivity Commission report has recommended all companies pay a new 5% net cashflow tax. Photograph: ymgerman/Getty Images/iStockphoto

The Productivity Commission has revealed an ambitious plan to slash the income tax rate to 20% for all but the very largest Australian companies.

By itself, that’s a big idea.

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