Aussie Fin Min: gov't to defer corporate tax cut decision until after winter break

Joshua Gibson FXStreet

Australian Finance Minister Mathias Cormann is hitting wires stating that the Australian government is deferring a plan to vote on corporate tax cuts until after the parliament returns from their winter break.

The move effectively places any prospects for a corporate tax cut on the backburner for the time being, and the Australian government has effectively pushed any decision on the matter out into 2019, possibly in hopes that the Australian economy will begin to show more signs of growth in the interim, but business leaders within Australia are unlikely to be happy with the move.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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