The federal government has passed legislation to secure company tax cuts for small and medium-sized businesses. The move will see the company tax rate lowered from 30 to 25 per cent for businesses with an annual turnover up to 50 million dollars.
The federal government has passed legislation to secure company tax cuts for small and medium-sized businesses. The move will see the company tax rate lowered from 30 to 25 per cent for businesses with an annual turnover up to 50 million dollars.
Image: Treasurer Scott Morrison, Prime Minister Malcolm Turnbull and Minister for Finance Senator Mathias Cormann (AAP)
