Original article by Phillip Coorey
The Australian Financial Review – Page: Online : 31-Jul-18

The federal government’s poor showing in the Longman by-election appears to have prompted a rethink on its company tax cut package. It has previously sought to have its entire package approved by the Senate or not have it passed at all, but it is understood that some members of the government are thinking of restricting its proposed cuts to companies with an annual turnover of $500 million or less a year. Independent Senator Derryn Hinch has indicated he would support this measure, which would rule out cuts for Australia’s biggest companies, including the banks. Labor achieved a two-party swing of 3.7 per cent in Longman, which is located in Queensland and where the federal coalition holds eight seats with a margin of five per cent or less.

CORPORATES
AUSTRALIAN LABOR PARTY LIBERAL PARTY OF AUSTRALIA LIBERAL-NATIONAL PARTY OF QUEENSLAND ONE NATION PARTY AUSTRALIA. DEPT OF FINANCE AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET AUSTRALIA. DEPT OF THE TREASURY