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CANBERRA, Oct. 16 (Xinhua) -- Australia will have one of the highest company tax rates among developed nations if it is not cut, the Business Council of Australia (BCA) warned on Monday.
Australia's business tax rate is 30 percent, fifth highest among member nations of the Organisation for Economic Cooperation and Development (OECD).
In a statement issued on Monday, Jennifer Westacott
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"As other countries have slashed their company tax rates to improve competitiveness, Australia has been left to languish with a rate that has been unchanged for 16 years," Westacott said in a statement on Monday.
"The average company tax rate across the OECD is 24 percent and falling. The average across Asia is 21 percent.
"This global action should be a wake-up call for the Senate that Australia cannot afford to stand still, since every company tax reduction overseas is a de facto tax increase on Australia."
Westacott's comments have increased pressure on Treasurer Scott Morrison to secure a business tax cut.
Prime Minister Malcolm Turnbull has proposed a 10-year tax reduction but those changes have stalled in the Senate where the government does not hold a majority.
However
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"The proposal currently before the parliament to lower the rate to 25 percent, will take a decade to be phased in, and will still leave Australian above the OECD average and significantly higher than other countries with whom we compete for investment and jobs," she said.
"Australia needs a pro-growth, competitive tax system for all businesses
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Global Electronic cash register Market 2019-2025| Forbes Technosys, Shinheung Precis, Posiflex Technology
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by Kapil Alone · February 15, 2019
Researchmoz added Most up-to-date research on “Global Electronic cash register Market Research Report 2019” to its huge collection of research reports.
Electronic cash register refers to a device used for scanning packages in order to read the symbols imprinted on the labels and hence can be registered and converted to readable form.
Increasing demand for mobile applications and growing popularity of e-commerce and online shopping are other major factors driving the growth of the global electronic cash register market.
The global .
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