The Commission argues tax reforms could investment by $7.4 billion and boost GDP by $14.6 billion.
Treasurer Jim Chalmers at a press conference at Parliament House in Canberra, Australia on July 30, 2025. AAP Image/Mick Tsikas
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Australia’s Productivity Commission has advised the federal government to overhaul its corporate tax system as part of a broader plan to boost productivity and long-term economic growth.
In a draft report released on Aug. 1, the Commission recommends cutting the company tax rate to 20 percent—from the current 30 percent—for firms earning under $1 billion.
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].
