Business
Hospitality businesses urge Federal Government to dump Fringe Benefits Tax in 2020 Budget – ABC News
Struggling cafes and restaurants are urging the Australian Government to dump the Fringe Benefits Tax in Tuesday’s Federal Budget.
Struggling South Australian cafes and restaurants are urging the Australian Government to dump the Fringe Benefits Tax (FBT) in Tuesday’s Federal Budget.
Key points:
- Business SA says cutting the Fringe Benefits Tax would help struggling hospitality businesses
- It would mean the Federal Government would receive $14 million less from South Australia in revenue annually
- Restaurateur Cono Gorgone says cutting the tax would offset fewer customers due to the pandemic
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