Corporate Australia has done its bit to get the national budget back in check, and what does it get for this? A soft landing and falling profits.
Forecast to pay nearly 10 per cent more tax this financial year than what was the case only seven months ago, business has been overlooked by the Labor government, which has spent the extra dollars on welfare, health, aged care workers and power bills.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
