Bill Shorten proposes huge small business tax cut in his Budget reply speech | dailytelegraph.com.au

BILL ShortenHon Bill Shorten MP,  Federal Member for Maribyrnong Leader of the Opposition from 13.10.13 has flagged tax rates for small business to be cut to a historic low of 25 per cent in a challenge to the government’s 1.5 per cent tax cut announced in the Budget.Accusing Prime Minister Tony AbbottThe Hon. Tony Abbott MP Federal Member for Warringah Prime Minister from 18.9.13 to 15.9.15 of not going far enough in efforts to reignite the economy, the Opposition Leader called for bipartisan support for a policy to reduce small business tax by five percentage points.The policy, estimated by the Opposition to cost the budget a further $2 billion on top of the government’s already promised cuts, is unfunded and would have to be phased in over a number of years.

Source: Bill Shorten proposes huge small business tax cut in his Budget reply speech | dailytelegraph.com.au

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