KEY FED­ERAL BUD­GET POINTS

Southern Gazette (South Perth) - - NEWS -

From July 1, the small busi­ness tax rate will be low­ered to 27.5 per cent and the turnover thresh­old for small busi­nesses able to ac­cess it will be in­creased from $2 mil­lion to $10 mil­lion. Crack­downs on tax avoid­ance and loop­holes and fix­ing spe­cific prob­lems to com­bat­ing tax avoid­ance, es­pe­cially by multi­na­tion­als. New op­er­a­tional task­force of more than 1000 spe­cial­ist staff in the ATO to po­lice and pros­e­cute com­pa­nies, multi-na­tion­als and high wealth in­di­vid­u­als not pay­ing the tax they should.

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