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Greens look to support small business tax cut and will push for more

The Australian Greens today announced the package of small business measures they want to see in the Federal Budget.

Greens spokesperson for Small Business, Senator Peter Whish-Wilson said “Today the Greens have announced a three-pronged approach to helping small businesses in Australia.

“We propose a small business tax cut of two percent, raising the instant asset write-off threshold to $10,000 and restoring the provisions that allowed companies to carry-back up to $300,000 as a refundable tax offset for up to two years.

“What the Australian Greens are proposing is greater than anything the Government has discussed to date.

“When the Abbott Government axed the mining tax they also brought down an axe upon small business by removing provisions that supported them.

“If the Government is looking to use the upcoming budget to undo this damage to small business, then the Greens could provide the pathway through the Senate to pass a comprehensive package of support,” he concluded.

Australian Greens leader Christine Milne said “We can build a more caring society by giving small business a leg up. This is where the jobs and innovation are at.

“The Greens are open to a two-tiered company tax system if the Abbott government is willing to help shift the burden from small business to big business.

“We have to shift the burden and raise revenue from those who can afford it – the big end of town.

“If the Abbott government wants to shift tax burden from small business to big business, the Greens are open to it as part of a comprehensive package,” she concluded.

---ENDS---

NB: Peter Strong, executive director of the Council of Small Business of Australia came out in support of these measures today.

Link to full policy announcment here.

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