Business
Federal Budget business boost tops $30 billion with immediate expensing – ABC News
Businesses are the big winners from the Federal Government’s COVID-19 recovery budget, receiving almost twice as much in tax breaks as households.
Businesses are the big winners from the Federal Government’s COVID-19 recovery Budget, receiving almost twice as much in tax breaks as households.
Key points:
- Businesses are set to receive $31.6 billion in tax breaks announced in the Budget, almost double the $17.8 billion of personal tax cuts brought forward
- The Government is hoping the tax breaks will generate $200 billion of spending on new equipment and machinery
- A new $4 billion JobMaker scheme will subsidise emplo…
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