A beautifully presented argument with facts/evidence that tax cuts won't necessarily impact on wages growth/ investments/GDP growth etc.Especially when there are many organisations (in Australia) do not pay any tax and many others pay a very low effective tax rate (for Australia 10.4%). We need to be aware that old economic/leadership models (trickle down economics/low tax-high investment(innovations)/short-term economy is the only perspective etc) are not going to work always for current problems in their exact forms - there are many perspectives to these problems than ever before in a highly integrated world/society.
http://www.abc.net.au/news/2018-02-14/company-tax-rate-cut-arguments-missing-evidence/9443874?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_recent_activity_details_shares%3BYpUKMUKwTjqWMx52S896%2Fg%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_profile_view_base_recent_activity_details_shares-object
I would argue for the opposite: if there are some comapnies that are not paying taxes, because they found a way how to do it, whereas some other companies are paying taxes, then tax cuts are a good idea. It will make playing field more equal, and take away some burden of those companies that are paying taxes.
So many theorists with such authoratative answers.Have any proven their academic protestations with any business experience such as starting a business for whatever reason, putting their own money or borrowed money on the line, working the hours, living on a mere percentage of a wage they could earn outside and if the business grows, having to pay 30% in tax, employing people at a lower wage than they pay themselves. Why? So as
they can be independent and free of being told what to do by incompetents.
If you tick these boxes, I will listen. If you don't then listen to me for I have ticked the boxes. Wages are paid out of profits or retained earnings. Less tax-more retained earnings. For SMEs, employing more staff is achievable. Do you know that the reason SMEs employ somebody , its because the proprietor can't do all the work himself. Yes! Reducing company taxes makes sense to these businessmen/women.
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