Global economies should not give up on corporate tax despite the challenges of collecting taxes from large multinationals skilled at exploiting tax havens.
The Australian share market has resumed its downwards action, with the local bourse closing at its lowest level since June 20 as soaring bond yields continue to press on equities.
After taking a break for the public holiday, the local share market has picked up where it left off - by sinking lower as central bank rate hikes weigh on sentiment.
The property sector has gained ground, mining and financials were flat and the rest of the share market receded in a day of directionless trading on the ASX.