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The Coalition will promise to accelerate tax cuts for small businesses irrespective of the outcome of the current leadership turmoil after confirming it would refashion its company tax package following defeat in the Senate.
Setting up a fight with Labor for the next election, cabinet's budget razor gang will examine options to redirect savings into helping small and medium businesses that have already benefited from tax cuts – those with a turnover of up to $50 million a year – sooner.
Read the full article at the Australian Financial Review.