What lies beneath the Vic election: tax

The big tax squeeze is the key to the Victorian election results.

The key political issue of our time, and the one that underlies the Victorian election result, is the tension between global tax avoidance and the refusal of citizens to pay regressive taxes on consumption.

Corporations and the rich are increasingly able to choose their tax domiciles. As a result, company and personal income taxes are being forced down as nations compete to hang onto mobile capital.

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