CANBERRA (Boscutti Report) — Treasurer Scott Morrison has called a special press conference to clarify the government’s standing on company tax cuts.
Mr Morrison said if people think the planned company tax cuts will boost wages ‘they’re fucking dreaming.’
‘Company tax cuts have got nothing to do with wage growth,’ he said. ‘If anything the extra money in company coffers will trigger buyback of shares that will boost stock prices and the bonuses of senior executives.’
‘Australian workers will continue to be short-changed.’
Recent American company tax cuts have seen less that 3 percent flow onto wage increases for workers.