The Economic Benefits of Lowering Company Taxes

A new study from PwC has shown that "lowering the corporate tax rate to 25 per cent from 30 per cent would deliver the economy a $291 billion growth dividend." This in turn would "generate enough extra tax to more than pay for itself within five years."

The "increasing flow of revenue to the government" would be thanks to "higher employment and larger dividends" amounting to a whopping GDP increase of $100 billion by 2025.  Accordingly, the "lion's share of benefits" would accrue to workers though "higher wages and more jobs."

It would also help increase international competitiveness. OECD modelling shows that "shifting 1 per cent of a country's revenue mix away from company tax can boost GDP by around 2 per cent per capita."

Lowering company taxes is a win-win for everyone.

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