15,000 Tassie businesses will gain from tax cut
Bob Brown 20 Mar 2012
Australian Greens Leader Bob Brown estimates that 15,000 Tasmanian businesses will enjoy the cut in their tax rate from 30% to 29% on 1 July, assuming the Gillard government's tax legislation for small business, backed by the Greens, passes in May.
"The Greens are also calling for the Henry review's recommendation for the instant tax write-off for new equipment to be increased from $6,500 to $10,000 - a benefit for almost 100% of businesses," Senator Brown said.
"The Liberals oppose the tax cut, as they opposed the new mining tax which will fund it," Senator Brown added.