The promising reform is called an ‘allowance for corporate equity’. It would only tax returns above a reasonable rate of return.
https://theconversation.com/suddenly-theres-talk-about-labor-reforming-company-tax-what-did-minister-ed-husic-say-and-what-might-actually-work-231167?utm_medium=Social&utm_source=Facebook#Echobox=1717051768