Business Council Submission to the Senate Inquiry on the Enterprise Tax Plan Bill
The Business Council has recommended the Senate pass the Enterprise Tax Plan Bill without amendment to lay foundations for future growth.
Australia is falling behind in the global contest for new investment. We cannot ignore the reality that we operate in a global economy. We simply have to remain competitive to attract investment.
Business investment is a core driver of economic growth and prosperity.
Choosing not to pass this Bill in its entirety would be a decision to let Australia fall further behind other countries and give up on competitiveness and building future prosperity. It would be a decision to continue imposing self-inflicted harm on the Australian economy, workers and households. We cannot afford not to pass this Bill.