Business want tax cuts for all firms

Business groups are putting pressure on the federal parliament to back a cut in the corporate tax to 25 per cent for all firms.

Small and big business groups are pressuring federal MPs to back company tax cuts for the big end of town.

Parliament already has approved a cut - from 30 per cent to 25 per cent - for businesses with a turnover of up to $50 million.

Business Council of Australia chief executive Jennifer Westacott told reporters in Canberra on Thursday, in a joint conference with small-firm lobby groups, it was not a question of big business versus small business because one could not exist without the other.