Treasurer heads off to US to talk tax

Treasurer Scott Morrison is holding a series of meetings with business leaders while on a visit to the US this week.

Treasurer Scott Morrison is heading to the US this week to hold a series of meetings with business and state government leaders with the topics of tax reform, energy and innovation high on the agenda.

He will meet with high-level representatives of Google, Facebook and Amazon, as well as large firms with significant investments in Australia, including Boeing.

The treasurer will also travel to Texas to meet governor Greg Abbott, as well major energy companies including Exxon Mobil.

The visit comes after the Trump administration had its cut to the federal corporate tax rate from 35 per cent to 21 per cent passed by Congress last month and at a time the Turnbull government is pursuing a company tax rate cut for all businesses to 25 per cent from 30 per cent.

"I will explore the impact of US corporate tax changes on companies' operations, particularly employee wages, their investment and innovation decisions and hiring intentions," Mr Morrison said in a statement on Monday.


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Source: AAP



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