Original article by Michael Roddan, Greg Brown
The Australian – Page: 2 : 30-Jan-19
The federal government has extended a tax break for small businesses, in a move which Prime Minister Scott Morrison says will benefit more than three million small businesses with annual turnover of up to $10m. The threshold for the small business instant asset write-off has been increased to $25,000, as part of the government’s strategy to gain the support of small business owners ahead of the election. The government has also committed to creating an additional 1.25 million jobs over five years if it wins the election.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, DELOITTE ACCESS ECONOMICS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF DEFENCE