Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

At the moment Australia’s company tax rate stands at 30 per cent, which is on the high side compared to other OECD economies. The government’s proposal is to use a share of the resource super profits tax to reduce the company tax rate across the whole economy to 28 per cent. That is in contrast to those opposite, who want to increase company tax rates. This will improve Australia’s competitive position.