SYDNEY—Australia’s center-right government was forced on June 28 to shelve for at least two months its plans to cut company taxes by around A$65 billion (US$47.79 billion) after failing to get enough support from lawmakers.
The government was four votes short in securing the number needed to pass the tax cuts for businesses. Minister for Finance Mathias Cormann said the Coalition government will try again when Parliament resumes in August after its winter recess.
