Federal Budget 2016: Lower business tax rate to be invested in technology
Federal Budget 2016: Lower business tax rate to be invested in technology
Article by Sydney Morning Herald
MAY 2016
"Technology and a veggie patch are all flow on benefits of this year's budget to one medium sized firm."
When you give individuals tax breaks they splash out on little luxuries. Turns out, businesses aren't too different.
New technology, a junior staff member and a veggie patch will be the flow-on benefits of this year's "jobs and growth" budget for one medium business.
Angela Ferguson, chief executive of Sydney interior design and architecture firm Futurespace, is delighted firms like hers who have a turnover of less than $10 million will now enjoy the lowest company tax rate of 27.5 per cent.
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