Australia’s Greens call for flood deferral of company tax cut

Posted by Washington Post: Juliet Eilperin on January 25th, 2011
Reuters: Australia's minority government should defer planned company tax cuts to help pay the multi-billion-dollar cost of flood reconstruction, the influential Greens party said on Tuesday, rather than turning first to a special taxpayer levy. Flooding blamed on a Pacific La Nina wet weather pattern has devastated huge areas of the eastern seaboard, killing 35 people, submerging parts of the third-largest city Brisbane, shutting vital coal mines and destroying crops. While hard-hit Queensland state......

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