The national body representing small businesses in Australia has welcomed the coalition's company tax cut proposal.
Under the plan, the government would incrementally increase the number of firms paying the small business tax rate, which from July 2016 would be 27.5 per cent.
Eventually all businesses regardless of size, would pay 27.5 per cent tax - but it would then fall to 25 per cent from 2026-27.
The measures are estimated to cost close to 50 billion dollars over a decade.
But Peter Strong from the Council of Small of Business Australia has told Sky News its good news for small business.
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