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The election is finally over

ABN Latest News

Now that the election is over and the new government has been decided what does it mean to small business? The coalition has promised to enact the following key policies and policy changes:

  • Reduce company tax to 28.5% 
  • A reversal of the proposed changes to Research and Development Tax incentive plan. 
  • Abolish the mining and carbon tax
  • Introduce a tax credit scheme for mining exploration
  • Major changes to paid parental leave

The impact that this has on business will be interesting to monitor as these policies are introduced. We have certainly had a lot of commentary from clients feeling that the election had caused business to slow. Now that the election is behind us hopefully the general business environment improves.  

Category
ABN
Published
17 Sep 2013
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