Mr Reed also made it clear that the BCA will advocate its cause publicly well beyond the lobbies of Parliament House. Loading “The prime minister has been very clear that business needs to prosecute the case for business, and I couldn’t agree with him more,” he said. Mr King’s tenure as BCA president has been marked by a deteriorating relationship with government over the failure to deliver tax cuts to big corporates, government threats to force energy companies to divest businesses and accusations of bank of profiteering. But Mr Reed also acknowledged that the government had a mandate for some of those positions after winning the May election. “We don’t think the legislation will bring down energy prices, and we think that it does create sovereign risk,” he said of the forced divestment legislation. “That said, we also acknowledge that the government took that policy to the electorate they were returned to government and therefore they intend to prosecute that.” Believing that we are going to continue to have decades of economic growth while our company tax rate sits in the top quartile is naive Tim Reed He said the BCA’s intent was to try to “ensure that legislation is framed… Read full this story
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