When it comes to business tax changes in particular they are vital for small business growth in particular. In more detail to this particular issue when it comes to the proposed changes to the business tax rates they would affect approximately one hundred thousand small businesses that employ more that two million people in particular across Australia.
Key Takeaways:
- The proposed changes to business tax rates would affect approximately 100,000 small businesses
- Changes to company tax rates will deliver the best “bang for buck” in terms of driving economic growth
- Council of Small Business Australia CEO Mr Peter Strong says it is high time the $2 million threshold was changed
“Recent MYOB research shows that over half (56%) of small businesses believe that lowering the company tax rate to 27.5% for businesses up to $10 million in revenue will have a positive impact on their business.”
Leave a Reply