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Small business company tax cuts lifted employment but not wages

The first data analysis of what small businesses did with their tax cut has revealed half of it was pocketed by the businesses, a quarter invested, a fifth created more jobs and almost none went to wage increases.

Small business company tax cuts lifted employment but not wages
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  • Shared by ABC Online.
  • May 03, 2018
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Small businesses (less than $2 million turnover) received a tax cut from 30 to 28.5 per cent in the 2015-16 budget, which decreased to 27.5 per cent the following financial year for businesses with revenue up to $10 million.

Read the full article on ABC Online.

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