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.
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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