The federal government will come under pressure from business and taxation experts to cut Australia’s 30 per cent corporate tax rate if Donald Trump wins the US presidential election and succeeds in his quest to reduce the American level to 15 per cent.
International competition on corporate tax and business investment will be heavily influenced by the US election outcome.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com