The Conversation fact-checks claims made on Q&A, broadcast Mondays on the ABC at 9.35pm. Thank you to everyone who sent us quotes for checking via Twitter using hashtags #FactCheck and #QandA, on Facebook or by email.
Almost 60% of small business owners in this country are paid $50,000 or less.
– Australian Chamber of Commerce and Industry chief executive James Pearson, speaking on Q&A, February 5, 2018
The Turnbull government is seeking parliamentary support to cut the company tax rate to 25% over the coming decade, arguing that cutting the rate will increase business investment, drive jobs growth and lift wages in Australia.
During an episode of Q&A, Australian Chamber of Commerce and Industry chief executive James Pearson said small business owners would benefit from a company tax cut in Australia. He said it would “help them be profitable”, allowing them to grow their businesses, employ more people and pay those workers more.
Pearson said “almost 60% of small business owners in this country are paid $50,000 or less”.
Is that right?
Authors: Janine Dixon, Economist at Centre of Policy Studies, Victoria University