Productivity Commission boss Danielle Wood says Treasurer Jim Chalmers’ signature industry policy is not tax reform, and that cutting Australia’s 30 per cent company tax rate would make the economy more internationally competitive.
“They are not tax reform, they are a tax policy,” Ms Wood said of the $13.7 billion production tax credits for critical minerals at Senate estimates on Tuesday.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
