Monday 1-2PM

Which of the following regulations could both enable and constrain the profits of a textile manufacturer?

$20,000 subsidy to small businesses

An increase in the corporate tax rate

Lowering the minimum wage

Bailouts for failing industries

Which of the following businesses would be the most strongly impacted by business regulation?

A multinational mining company, e.g. BHP, Rio

A chain of convenience stores, e.g. 7-Eleven

A small trade company, e.g. A sole trader plumber, electrician, landscaper

A publicly owned media outlet based across online and television platforms, e.g. ABC

The government currently has four pieces of (hypothetical!) business regulation legislation it could pass. If you were in government, which one would you try to pass first? Consider the current business environment and which one you think is the most pressing/urgent/important.

An increase of the corporate tax rate from 30% to 35%

An increase of the GST from 10% to 15%

Amendments to the corporate tax legislation that implement more stringent measures against tax avoidance, e.g. Harsh penalties, mandatory full disclosure of all financial statements

A decrease of the corporate tax rate from 30% to 25%

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