Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 11-Oct-16

The Australian Government is believed to have conceded that its full corporate tax reform package is unlikely to be supported in the Senate. However, the upper house may pass the first stage of the tax cuts, which will apply to businesses with turnover of no more than $A10m, although the Opposition favours a threshold of $A2m. Treasurer Scott Morrison has argued that the whole tax reform package is necessary to encourage investment in Australia over the long-term.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S CORPORATION