TAX REFORM ANALYSIS: IS YOUR BUSINESS IMPACTED? (7/5)
Written on the 8 June 2010
THE Rudd Government’s response to the pre-Budget recommendations put forward by Dr Ken Henry and his panel of finance big guns generated controversy on three key issues - company tax, superannuation and a resources super profit tax. The talk has been on big corporations, foreign investment and the miners, but a question looms over the outcomes for ground level SME, the engine room of our economy.
With eligible businesses enjoying a reduction in company tax and a $5000 depreciation allowance, the immediate impacts of the Henry tax review seems generally positive for Gold Coast SME’s.