Liberal National Coalition Government announces tax cuts for small business

The Federal Government has brought forward tax cuts to businesses with a turnover of less than $50 million by five years, in an announcement released by Minister for Jobs and Industrial Relations/Minister for Women Michaelia Cash yesterday.
Calling the announcement a big win for the small business sector, Ms Cash said “The Coalition Government has consistently delivered for the 3.3 million small and medium businesses in Australia, which employs almost 7 million Australians.”
Moving the tax cuts forward was described in the announcement as an example of the Government delivering for small business.
“Bringing forward these tax cuts will be a shot in the arm for the small and family business sector, leading to more investment, increased employment opportunities for Australians and putting upward pressure on wages.” Ms Cash said.
It is hoped by the Minister that the Labor Party will support the tax cuts and move them through the Parliament.
“Mr Shorten now has a clear choice – support the Government’s plan to provide tax relief for small and family businesses or see less investment, lower economic growth and fewer job opportunities,” she said.
Popular

Economics
Provider
Australian property conglomerate Oreana launches $60m ECEC freehold investment fund
2025-03-25 19:52:00
by Jason Roberts

Events News
Provider
Economics
As ECEC Owners and Landlords Forum approaches all star panelists prepare to inform, educate and inspire delegates amidst policy uncertainty
2025-03-24 08:10:51
by Jason Roberts

Provider
Economics
Aboriginal-led early parenting centre Baluk Balert Baring is an Australian first
2025-03-25 08:48:23
by Freya Lucas