Fast tracking business tax is a positive cuts kick off on July1. The small business tax can be reduced from 28.5 percent to 27.5 percent and turnover threshold increased from $2 million to $10 million. The big business cannot see tax cuts and the government have committed to get all business to 25 percent in the next decade. The unincorporated tax from 5 percent to 8 percent discount and increased to 16 percent in the next 10 years. With increasing penalties, they measure are effectively result in an additional $3.9 billion in next 4 years. Now, estimate the average life span of S&P 500 company.
It is not all gloomy though
You are in two minds about the investments of the shipbuilding industry. Live in South Australia, want to celebrate initiative will blow of decline in the automotive industry and continued economic growth. The government continues to age sector industrial rather than entrepreneur age opportunities. The positive reinforcement can create a regulatory sandbox to new ideas for testing and boost the fund support for CSIRO.