Joseph Stiglitz: 2018 Sydney Peace prize winner on tax cuts and Trump

Nobel prize-winning economist says the argument in favour of cutting company tax to increase wages is a spurious one

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Ask Nobel prize-winning economist Joseph Stiglitz for his thoughts on the Turnbull government's arguments that cutting the company tax will lead to strong investment and higher wages, and he doesn't mince words: "I don't think there's any validity in it.

"Firms locate in countries because of the quality of the infrastructure, the quality of the educated labour force, a whole set of aspects of the society and economy, and the tax rate is well down the list of concerns."

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[Company tax cuts are] evidence of an economic system designed to help companies rather than increase general wellbeing

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You feel the fear [the business community] have, the fear to criticise him unless they'll unleash a wave of tweets

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