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Jack Mintz: Affordability trumps productivity in Australian budget

Tax measures to help low-income people cope with higher prices are being financed by higher taxes on investment, which won't help growth

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For finance ministers these days, affordability trumps productivity. Tuesday’s Australian budget is a perfect example Canadians need to pay attention to. Australia has a resource-based economy like ours and our two countries tend to learn from each other in framing economic and tax policies.

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Unlike the U.S., with its booming business investment climate, Canada, the EU and the U.K. face a dearth........

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