CANBERRA: Companies pushing for tax cuts have told a parliamentary inquiry they are unable to reveal details of their investment plans, citing commercial sensitivity and potential breaches of ASX rules.
The Business Council of Australia will appear before the Senate economics committee in Sydney on behalf of 10 companies that signed a pledge to create jobs and invest more if the corporate tax rate is dropped.
In a move described as politically motivated, the committee demanded each company provide detailed projections for employment, dividends and capital investment at a 25 per cent versus 30 per cent tax rate.
Senator Derryn Hinch, who has a key vote, is refusing to give big banks tax relief while they are being investigated by a royal commission.
