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Winners:
Small to medium-sized companies
Company tax rate cut for 870,000 companies with annual turnover less than $10 million; additional 90,000 small businesses can access tax concessions; among other measures
Those earning more than $80,000
Get a modest tax cut, through increasing second-highest tax bracket from $80,000 to $87,000
All business, in time
Company tax rate to fall from 30 per cent to 25 per cent over next decade
Losers:
Anyone earning less than $80,000
Not even a modest tax cut for you. The government says you already benefited through the abolition of the carbon tax
Multinational tax dodgers
So-called Google tax to penalise large multinationals that attempt to shift their Australian profits offshore to avoid paying tax
Smokers
Four annual 12.5 per cent increases in tobacco excise to lift price of packet of cigarettes to about $40 by 2020.
