Tax cuts only policy on table business 20170407 p5veb3.html – Breaking News & Latest Updates 2026
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This was published 9 years ago

Tax cuts only policy on table: business

AAP

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The Business Council of Australia says it will continue to strongly advocate for the Turnbull government's 10-year tax plan in full.

Treasurer Scott Morrison used a pre-budget speech to demand big-business leaders actively support the plan that would see the corporate tax rate cut to 25 per cent for all businesses in a decade's time, rather than leaving it to the government to do all the heavy lifting.

The parliament passed part of the government's package last week, agreeing to cut the corporate tax rate for businesses with a turnover up to $50 million.

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Mr Morrison says the remainder of the plan will remain on the government's agenda.

The Business Council told AAP it was the only policy on the table to revive Australia's economy.

It said the treasurer is correct to call out the opposition for "cynically attacking" business, which employs more than 80 per cent of working Australians.

"We will continue our strong advocacy for the full package," a spokesperson said.

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