Dr Henry has also called for future governments to look into a super profits tax on all industries, the Australian Financial Review reports.
He said banks and retailers should be included, but the corporate tax rate would have to be lowered further to 25 per cent in order to attract enough foreign investment, the newspaper reports.
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Is this a starting of introducing a marginal tax rate system we have for individuals into corporate tax system?
Does anyone know of countries that treat company profits the same way as individual income when accessing tax?