Shorten abandons his company tax cuts repeal

Opposition leader Bill Shorten has abandoned his "captain's call" to repeal already legislated company tax cuts.

Federal Labor leader Bill Shorten is under pressure over his planned business tax cuts rollback. (AAP) Source: AAP

Opposition leader Bill Shorten has abandoned his "captain's call" to repeal already legislated company tax cuts.

Labor is now promising to keep tax relief in place for businesses with a turnover between $10 million and $50 million.

Mr Shorten's initial decision caused an internal backlash.

But Mr Shorten says he's now changed his position.