Australian Newsagency Blog

A blog on issues affecting Australia's newsagents, media and small business generally.

Pressure to retain small business tax break

Mark Fletcher
December 4th, 2013 · No Comments

I’m pleased to see pressure building on the federal government to retain the small business instant asset write-off. Killing the tax break with just a few weeks notice is poor policy in my view given that plenty of far greater and more direct financial assistance is not being cut or even reviewed.

The ACCI made a strong pitch yesterday for retention of the break and that story has been picked up by a bunch of media outlets today.

I understand the government pursuing its ideology but part of their election pitch was that they would support small business. This move has the opposite effect.  An economist I heard this afternoon said that scrapping the benefit would have a higher cost to the economy than keeping it.

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Category: Newsagency management

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