Original article by Michael Roddan
The Australian – Page: 2 : 2-Jan-19
The Treasury has confirmed that it did not undertake any economic modelling on the federal government’s plan to bring forward tax cuts for companies with turnover of less than $50m a year. However, Treasurer Josh Frydenberg says the tax package had been subject to revenue costing. Legislation to reduce the tax rate for small and medium enterprises to 25 per cent in 2021-22 rather than 2026-27 was passed with the support of Labor in October.
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY