In February 2016, The Australian Treasury released modelling on the Turnbull Government’s plan to cut the rate of company tax from 30% to 25% over 10 years.
This modelling estimated that the full company tax cut package would cost the Budget some $11.3 billion per year. However, this would be reduced to $8.2 billion due to “a gain in personal income tax and superannuation income tax of $3.1 billion as the cut in company tax automatically reduces the value of franking credits”.
