Business lobby demands tax cuts now!

Six weeks out from the federal budget, Australian Industry Group CEO Innes Willox has stepped up his campaign for tax cuts for both individuals and companies:

“For the 2020-21 budget it would be premature and detrimental to both the near and longer-term objectives to hold back on well-considered measures even though they will add to the budget deficit,” he said…

The industry group wants both the $45,000 threshold and the 32.5 per cent rate cut to 30 per cent for people earning between $45,000 and $90,000 to start from January 1 next year

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