Original article by Matthew Cranston, Greg Brown
The Australian – Page: 1 & 4 : 1-May-26

Treasurer Jim Chalmers has indicated that the federal govenment’s budget on 12 May will include a "productivity package". There is growing expectation within the business community that the focus of this package will be reducing red tape, rather than major new company tax incentives. However, Chalmers is believed to favour making the asset write-off for businesses with annual turnover of less than $10m a permanent feature of the tax system; the instant asset write-off of up to $20,000 a year was extended for 12 months in 2025. Tax & Transfer Policy Institute director Bob Breunig contends that broader tax reform than simply extending the asset write-off is needed.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN NATIONAL UNIVERSITY. CRAWFORD SCHOOL OF PUBLIC POLICY. TAX AND TRANSFER POLICY INSTITUTE