Original article by Adam Creighton
The Australian – Page: 1 & 4 : 3-May-18
Small Business Council of Australia CEO Peter Strong says an analysis of data on the impact of tax cuts for businesses with turnover of up to $A2m strengthens the case for across-the-board corporate tax relief. The analysis by AlphaBeta shows that 19 per cent of businesses that received the tax cut in 2015 had hired additional staff in the following two years, while three per cent increased their employees’ wages. Companies that received the tax cut also created jobs at a faster pace than companies that were just above the turnover threshold.
COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, ALPHABETA, XERO LIMITED – ASX XRO, BUSINESS COUNCIL OF AUSTRALIA, QANTAS AIRWAYS LIMITED – ASX QAN, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS