Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 7-Aug-18
The Federal Government will seek to pass its full company tax cuts package in the Senate when parliament resumes in mid-August. The support of One Nation and Centre Alliance senators will be crucial, although they are still unwilling to endorse the full package. However, both minor parties have signalled that they would most likely support any proposal to bring forward tax cuts for businesses with turnover of less than $50m. The tax cuts are slated to take effect in 2026-27, but Centre Alliance senator Stirling Griff says he would be open to reducing the tax rate for these businesses to 25 per cent immediately.
CORPORATES
ONE NATION PARTY, CENTRE ALLIANCE, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN LABOR PARTY