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The decision by Westpac to rule out lending to new coal basin developments is a textbook case of cynical virtue signalling.
The Trump administration’s announcement that it will slash the US corporate tax rate from 35 per cent to 15 per cent will leave Australia further behind on tax competiveness.
The Minerals Council of Australia is today releasing a fact sheet on the benefits of trade for the Australian community, which include higher growth, more jobs, better wages, lower prices and more competitive industries.
The importance of maintaining support for economic openness has been highlighted by the World Trade Organization’s latest outlook which forecasts a rebound in global trade in 2017 but warns that restrictive policies would put this recovery at risk.