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G7 tax deal revives push to cut 30pc company rate


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Business has urged the Morrison government to cut Australia’s 30 per cent company tax rate after the world’s biggest developed economies agreed to a global minimum corporate rate of 15 per cent, as part of a crackdown on the tech giants.
A deal struck at the Group of Seven finance ministers at the weekend will force large multinationals to pay tax in countries they sell their goods and services in, most notably tech giants such as Google and Facebook.
US Treasury Secretary Janet Yellen and OECD Secretary-General Mathias Cormann at this weekend’s G7 summit that backed a new global minimum company tax rate.  ....

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Replace Paid Parental Leave scheme: move to equal parenting model


KPMG
Replacing the federal government’s Paid Parental Leave (PPL) system with one based on principles of gender equality is essential to tackling impediments to women’s economic participation, and would help Australia move on a wider level towards equal responsibility for raising children, KPMG argues in a paper released today. The report was developed with the Business Council of Australia’s Women’s Participation Taskforce.
The current PPL system provides for 20 weeks paid at the minimum wage. There are 18 weeks usually paid to the mother, and two weeks are generally paid to the father, as “Dad and Partner Pay” ....

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