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Wayne Swan hits out at govt’s tax plans Former treasurer Wayne Swan has hit out at Australia’s plans to lower the corporate tax rate, saying such cuts have led to the polarisation of society and Donald Trump. Mr Swan warned against a “race to the bottom” when he addressed Finance Ministers from across the Southeast Asia region in Jakarta on Wednesday, during a panel discussion on taxation policies and how competition around the corporate tax rate can hamper the growth of neighbouring countries. Read the full story at the Australian.

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