Kennedy stimulus takes shape

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Via the AFR comes more from Treasury Secretary Stephen Kennedy:

The stimulus package will focus on wage subsidies, cash injections and tax breaks to help with cash flow, as well as business investment allowance to encourage investment.

The Council of Small Business Organisations Australia wants a “regime of tax forgiveness of BAS, company tax, payroll tax and rates”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.