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In a statement issued on Monday, Jennifer Westacott, chief executive officer (CEO) of the BCA Black T.J. Green Jersey , said that Australia would rank the third-highest in the OECD when the governments of France and the United States upheld promises to slash the company tax rates.


"As other countries have slashed their company tax rates to improve competitiveness, Australia has been left to languish with a rate that has been unchanged for 16 years," Westacott said in a statement on Monday.


"The average company tax rate across the OECD is 24 percent and falling. The average across Asia is 21 percent.


"This global action should be a wake-up call for the Senate that Australia cannot afford to stand still, since every company tax reduction overseas is a de facto tax increase on Australia."


Westacott's comments have increased pressure on Treasurer Scott Morrison to secure a business tax cut.


Prime Minister Malcolm Turnbull has proposed a 10-year tax reduction but those changes have stalled in the Senate where the government does not hold a majority.


However, Westacott said that the proposed changes did not go far enough.


"The proposal currently before the parliament to lower the rate to 25 percent Black Marlon Mack Jersey , will take a decade to be phased in, and will still leave Australian above the OECD average and significantly higher than other countries with whom we compete for investment and jobs," she said.


"Australia needs a pro-growth, competitive tax system for all businesses, big and small Black Tarell Basham Jersey , to stimulate investment, raise productivity and increase the real wages of working Australians."




MACAO, Sept. 28 (Xinhua) -- The tourism office of China's Macao Special Administrative Region (SAR) on Thursday published the final version of the blueprint for tourism development in the next 15 years, consisting of key objectives, strategies and action plans for short and long term implementation.


Macao Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes told a press conference that the Belt and Road Initiative and Macao's vision to build itself into a world tourism and leisure center have opened up a new horizon of possibilities for the tourism industry in the SAR.


In 2015 Black Quincy Wilson Jersey , MGTO began studying and formulating a Macao Tourism Industry Development Master Plan to make systematic plans on building and managing the tourism economy. In the preparatory process, the office has conducted a range of studies such as international forums, questionnaire surveys, site visits, interviews and benchmark analyses.


The master plan proposes eight key objectives Black Malik Hooker Jersey , 33 strategies and 91 action plans for short-, medium- and long-term implementation. The key objectives include Diversify Tourism Products and Experiences, Rebrand as a Multi-day Destination, and Manage Tourism Carrying Capacity.


The master plan also suggests that with those measures, Macao can enjoy the new opportunities by leveraging its extensive experience engaging in international tourism organizations Henry Anderson Jersey , unique cultures and historical legacy, and become a core tourism city of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area.


Following the release of the master plan, the SAR government will establish a cross-departmental coordination group, led by the secretary for social affairs and culture who will lead collaboration across departments and oversee the implementation progress of the action plans.


Lanzhou-Chongqing railway to open to traffic on Sept. 29


Ceremonies held around China to celebrate birthday of Confucius


Wild animals in China's Qilianshan National Nature Reserve


Li Na shows tennis skills to young players during 2017 WTA Wuhan Open


Four pandas from SW China make debut in NE China's Shenyang


Modern manufacturing, transport help six Chinese provinces develop fast


A look at Kantuman Bazaar in China's Xinjiang


Scenery of terraced fields in Houyuan Village T.J. Green Jersey , China's Fujian


BEIJING, Sept. 28 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) has announced it will invest 150 million U.S. dollars in the International Finance Corporation (IFC)'s Emerging Asia Fund to address the infrastructure gap in Asia.


The bank will become one of the fund's biggest investors, according to a statement.


The IFC, a member of the World Bank Group, offers investment and advisory services to help private sector growth and poverty reduction in developing countries.


"To mobilize sufficient funds to address the huge infrastructure needs across Asia Marlon Mack Jersey , multilateral development institutions must collaborate with each other and a range of other partners," said D.J. Pandian, Vice President and Chief Investment Officer of the AIIB.


Pandian said the bank will continue to work with other international financial institutions to help the region's development.


The AIIB also approved loans of 100 million U.S. dollars for an electricity transmission project in India, which will build five lines to optimize the electricity system, improve the generation mix Tarell Basham Jersey , and better utilize renewable energy resources.


The project will be co-financed by the Asian Development Bank.


Since launching in 2016, the AIIB has approved 3.59 billion U.S. dollars for 21 infrastructure projects in 11 countries, with 16 co-financed with other lenders.




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