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Trump win won't change Labor view on tax

AAP logoAAP 16/11/2016

Just because Donald Trump is promising US companies a tax cut doesn't mean Labor is about to get onboard a government plan for an Australian equivalent.

Opposition finance spokesman Jim Chalmers believes Australians won't conclude the main take-out from Mr Trump's victory in last week's presidential election is that Australia needs to hand $50 billion to big multinational companies.

"It is no use pretending a tax cut in Australia will have an immediate or meaningful impact on investment or wages or any of those things that are claimed when the government's own figures say the only benefit would be small and down the track," Dr Chalmers told Sky News on Thursday.

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