Prime minister scores first policy win on 25% tax rate for firms with turnover between $10m and $50m
Labor will support the government’s plan to accelerate tax cuts for small and medium businesses, in the first major policy win for Scott Morrison since he became prime minister.
Labor recently made several big policy announcements on education spending and early childhood; Morrison returned with a proposal to bring forward a planned 25% tax rate for businesses with a turnover of between $10m and $50m by five years, to July 2021.
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