Economy

Federal Treasurer Scott Morrison has ramped up calls for tax cuts to big business in an October 24 speech to launch the Productivity Commission's latest report.

Morrison claims corporate tax cuts are "an urgent matter" now that conservative governments in the United States, Britain and France are moving to slash big business taxes. Australia risks becoming an "uncompetitive tax island" if it does not follow suit, Morrison claimed.

Ahead of the crucial Gujarat elections, the chinks in the propaganda armour of Indian Prime Minister Narendra Modi’s Gujarat model of development continue to get brutally exposed. Indeed, the popular narrative on development that has emerged from within Gujarat – where Modi was chief minister prior to becoming PM – and that has taken social media by storm is that “vikas gando thayo chhe” – “development has gone crazy”.