One Nation reverses support for big business tax cuts – politics live

the Guardian -

the Guardian—One Nation leader changes her mind again on tax – just in time for the Longman byelection. All the day’s events, liveSign up to receive the top stories from Guardian Australia every morning 11.51pm BST Home affairs minister Peter Dutton has given a doorstop to rail against Labor’s refugee policies and has also confirmed that about 50 athletes from the Commonwealth games are unaccounted for.Dutton confirmed there is “an operation being conducted by the department ... in conjunction with state...

How businesses are really spending their tax cuts. President Donald Trump's tax law was sold as a transformative overhaul that would unlock an ocean of money Corporate America could spend on job-creating investments. The Republican tax cuts enacted last December immediately sparked millions of one-time bonuses for employees as well as some wage hikes. And the windfall led to a record-shattering stock buyback bonanza that enriched shareholders. However, the promised investment boom has not materialized -- not yet anyway. Business spending is...