Tax reform has winners and losers. Business makes an ugly loser

This week’s inquiry into the government’s proposed tax reforms has become something of an “Expression of Grievances” for the business lobby; Here members complained that paying slightly more tax on business dealers’ capital gains would result in them paying more tax. ruin the economy – a claim that economists easily refute.

The Business Council of Australia, the Australian Chamber of Commerce and Industry and the Council of Small Business Organizations Australia (or “BCAACCICOSBOA” for short) told us how they really feel. joint statement demands that the reforms be stopped.