Over half of Australia’s small business owners believe the federal government’s budget proposal to lower the company tax rate to 27.5% for businesses with up to $10 million in revenue will have a positive impact on the SME sector.
Cloud accounting software provider MYOB has welcomed changes to company tax rates in the Budget but says small business operators need the changes to be implemented now, not in 10 years’ time.
Small business owners believe that the company tax rate should be cut for Australia to remain globally competitive, and if the rate was lowered many of the SMEs say they would be more likely to invest the savings back into their business.
Hey, was there ever a full report/followup released?
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