SMALL BUSI­NESS

Southern Gazette (South Perth) - - NEWS -

Small busi­nesses make a huge con­tri­bu­tion to na­tional prosperity and Aus­tralian jobs.

La­bor stands for help­ing our small busi­nesses suc­ceed in a com­pet­i­tive global econ­omy.

That’s why La­bor will sup­port the cut in the com­pany tax rate for small busi­nesses to 27.5 per cent as pro­posed in the 2016 Budget. This means 83 per cent of all busi­nesses in Aus­tralia will get a tax cut un­der La­bor.

La­bor will not sup­port chang­ing the definition of small busi­ness to in­clude busi­nesses with a turnover of up to $1 bil­lion. These are not small busi­nesses.

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