SYDNEY—Australian Prime Minister Malcolm Turnbull faces a fresh blow in parliament this week, with the Senate poised on Monday to reject his government’s plans for a corporate tax cut after several independent lawmakers vowed to vote against the measure.
Following the lead of the United States, Australia’s center-right government has proposed to cut the corporate tax rate to 25 percent from 30 percent, in a bid to boost the economy less than a year away from the next election.
