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Oligopoly money: how a company tax cut would be wasted on big business

February 19, 2017

Oligopoly money: how a company tax cut would be wasted on big business

Matt Grudnoff and David Richardson, The Australia Institute (February 2017). A full third of the benefit of a company tax cut would be enjoyed by just 15 companies in Australia. Once phased in the cut would be worth $6.7 billion per year to these companies. Most of these companies are ‘oligopolies’ that dominate their markets and have little incentive to reinvest proceeds of a tax cut in jobs and productivity.