Published: October 11, 2018
Six crossbenchers sign on, while Labor and One Nation weigh up the accelerated cuts for small and medium firms
The Morrison government is on track for its first major legislative win, having won over the bulk of the crossbench on its plan to accelerate further tax cuts for small and medium businesses.
After admitting defeat on its company tax cut plan for businesses earning more than $50m, the Coalition returned with a new plan to accelerate its planned tax cuts for businesses earning under that threshold, which, if passed, would see a 25% tax rate introduced five years earlier, in July 2021.
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