CPA Australia raises concerns over increasing tax burden on large companies. Productivity Commission proposes lowering corporate tax rate to 20% for smaller businesses and adding 5% cashflow tax for larger ones. CEO urges comprehensive tax reform and warns against hindering economic growth with untested cashflow model. Concerns raised about complexity of cashflow taxation and potential impact on Australia’s international competitiveness. Despite concerns, CPA Australia welcomes efforts to reduce regulatory burdens on businesses.

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