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By Pascalis Raimondos Professor of Economics, Head of School, Queensland University of Technology &
Sara L. McGaughey Professor of International Business, Griffith University
President Donald Trump has proposed cutting the US corporate tax rate from 35% to 15% and ending the practice of taxing the foreign income of US businesses. Trump may be hoping that such a massive corporate tax cut will result in new investment. Indeed, historical data suggests companies will respond by shifting profits to where the tax is low.
This profit shifting will hurt investment in Australia, as companies move their profits to America rather than reinvesting in Australia. If the tax cut goes ahead, Australia and other countries will have to respond by either cutting taxes as well, or totally reforming the way we tax corporate income.
Alternative ways of taxing corporate income exist. The US Republican Party, for example, recently proposed a “destination-based cash flow tax”. Under this system, companies would be

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The Australian delegate to the W20 Summit, Associate Professor Susan Harris-Rimmer, presented the final communique to Germany’s Chancellor Angela Merkel in Berlin this week.
She asked Merkel about the pledge made by G20 leaders at the 2014 Brisbane summit to reduce the gap in the labour-force participation rates between men and women by 25% by 2025.
“They said this would bring more than 100 million women into the workforce, increase global growth and reduce poverty and inequality,’’ Professor Harris-Rimmer said.
“Progress has been slow and opaque so what advice does Merkel have?”
Associate Professor Rimmer is an Australian Research Council Future Fellow at Griffith Law School and an Adjunct Reader in the Asia-Pacific College of Diplomacy at the Australian National University. Her Future Fellow project is called ‘Trading’ Women’s Rights in Transitions: Designing Diplomatic Interventions in Afghanistan and Myanmar. 
The W20 is the official G20 dialogue with NGOs, female entrepreneur associations and scientists pushing forward women’s economic

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While there may be an air of uncertainty when it comes to the status of Australia’s new temporary visa program following the axing of the 457 Visas, Professor Ruth McPhail of the Centre for Work, Organisation and Wellbeing believes the local hospitality industry may see some hardships in some areas, but the situation may increase internal staff development in others.
According to Professor McPhail, the problems of the visa changes comes from attaining those employees with specialised skills that most Australians simply do not have.
“This can occur in areas like Chefs for example,” she said.
“if you’re looking for a highly specialised French-trained chef, there’s going to be limits on the people who have that background and skills. So, this visa will restrict that; you will then be having to find that nationally more complicated than previously where you can make a case and say this is a specialised skill not easily

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