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Jobs, wages 'don't grow on trees': Cormann

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February 11, 2018

Finance Minister Mathias Cormann is pushing for a cut in company tax which he says will help wages.

Finance Minister Mathias Cormann continues to pursue the case for lower business taxes, saying they will help the success of firms and allow them to hire more and pay higher wages.

"We want to secure more jobs and higher wages. More jobs and higher wages don't grow on trees, they are created and paid for by successful, profitable businesses," Senator Cormann told Sky News on Sunday.

The remainder of the Turnbull government's 10-year tax plan to cut the corporate rate for all businesses to 25 per cent passed the House of Representatives last week but looks like being blocked in the Senate with One Nation and Nick Xenophon Team senators joining Labor and the Greens in opposing the legislation.

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