Original article by Phillip Coorey
The Australian Financial Review – Page: 6 : 30-May-18
The tax rate of businesses whose turnover is within the range of $A25m-$A50m will be reduced from 30 per cent to 27.5 per cent from 1 July, under the next stage of the Federal Government’s company tax cuts package. Council of Small Business Australia CEO Peter Strong says Labor should state whether it intends to reverse the tax cuts that have been legislated if it wins the next federal election, arguing that businesses need certainty with regard to tax policy.
AUSTRALIAN LABOR PARTY, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE