Morrison heralds income tax win, looks ahead to company tax cuts

Prime Minister Malcolm Turnbull says his government's company tax cuts plan will be put to a vote in the senate next week.

Treasurer Scott Morrison speaks.

Treasurer Scott Morrison is not writing off getting company tax cuts through the Senate next week. (AAP) Source: AAP

The government will try to push the corporate tax cuts through the Senate next week, but it remains unclear if the government's chief negotiator Mathias Cormann has locked in enough support from the crossbench.

Mr Turnbull says discussions are underway with crossbench senators to garner enough support to pass cuts to the business tax rate from 30 per cent to 25 per cent for all Australian companies by 2026-2027.   

Treasurer Scott Morrison has promised to listen to the crossbench over the proposal.

One Nation and Centre Alliance senators delivered crucial votes needed to get $144 billion worth of personal income tax cuts through the Senate yesterday.

Mr Morrison says the government is open to talks with crossbenchers to pass the company tax cuts.

"What we've demonstrated in how we've worked with the parliament and with the senate, is we've shown a lot of respect, we've listened; our ears aren't painted on when it comes to talking to the Senate and they shouldn't be. But equally, I think we've shown determination to pursue the plans that we believe are best for the country."


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By James Elton-Pym

Presented by Euna Cho



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