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Federal budget 2018: Commodity prices help boost corporate tax take

Geoff Winestock

Stronger than expected coal and oil prices will help boost the corporate tax take by $5.2 billion over the next four years.

Company tax receipts are expected to rise 22.1 per cent this year and another 6.7 per cent next year and Treasury says higher commodity prices are the key reason.

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Geoff Winestock writes on News specialising in Politics, Economy, Policy. Connect with Geoff on Facebook and Twitter. Email Geoff at gwinestock@smh.com.au

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    Original URL: https://www.afr.com/policy/economy/federal-budget-2018-commodity-prices-help-boost-corporate-tax-take-20180508-1o005p