In part 1 of the series on the Australian budget 2014/15 we showed that company tax receipts took a dive when the global financial crisis (GFC) hit. In this 2nd part we…
Tag: budget 2014/15
Australian budget hit by GFC and high oil prices (part 1)
The Australian Federal Government’s cumulative cash balance between 2008/09 and 2013/14 was deep in the red, at $ -241 bn. If company tax had continued to grow at pre-GFC levels this deficit…