However, company profits are surging and 30% of companies aren’t paying any Company Tax. These are the fundamentals Frydenberg calls good and resilient. The surge is on the backs of wages and the battle to stop unions growing. Revenue is reliant on tax cuts and a prayer. Well it’s not going to be coming from Agriculture which suffering from non-climate change drought and fires which has reduced the numbers of cattle and sheep. (ODT)
olddogthoughts 