WASHING TON: In the rapidly changing world we find ourselves in, risks to Australia’s growth have taken a worrying turn in the past six months.
At the top of the list of worries is the widespread tax reforms delivered by the Trump administration in the US.
These not only include a dramatic cut to the headline corporate tax rate, but a range of incentives designed to encourage onshore manufacturing and innovation, as well as repatriating a significant proportion of the $US2.6 trillion ($3.4 trillion)) in offshore earnings back to the US.
