Recently the Commonwealth Government passed legislation reducing the company tax rate for companies with a turnover of less than $50 million dollars per year. What were the arguments put forward both...

Recently the Commonwealth Government passed legislation reducing the company tax rate for companies with a turnover of less than $50 million dollars per year.
 
What were the arguments put forward both in supports of and against this reduction of the company tax rate?
 
Do you think the reduction of the company tax rate will increase investment in Australia and /or increase employment?