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A pay rise won't fix slow growth

Oct 12, 2017 (The Australian Financial Review - ABIX via COMTEX) --

There are a number of ways by which Opposition Leader Bill Shorten could improve economic growth if Labor wins the next federal election, but a pay rise is not one of them. For example, he could instigate reform of the goods and services tax in order to help address income-tax bracket creep. He could also take heed of the views of his shadow assistant treasurer, Andrew Leigh - who has noted the importance of foreign investment in helping to bring about higher wages - by following the lead of the current government and reducing the company tax rate, thus making Australia more competitive with other economies. Editorial..

Publication Date: 13 October 2017

AUSTRALIAN LABOR PARTY
ORGANISATION OF PETROLEUM EXPORTING COUNTRIES
AUSTRALIA.  FAIR WORK COMMISSION

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