"Study after study has demonstrated that Australia relies more heavily on company tax revenue than other comparable countries and that the 30 per cent tax rate is increasingly out of step with global trends" - Phillip Lowe
Britain and the US are cited as examples of countries with lower tax rates. Which is possibly troubling unless one remembers that both of those economies are tanking and have been for some time. It's possible that a heavier dependence on company tax (which many companies don't) is what has helped the Australian economy survive the last 10 years with hardly a blemish. It also may be entirely unrelated, but there still remains no reason at all to be modelling our economic policy on Britain or the US. Soz imperial overlords - no offence intended.