Regional News

Lower taxes for small business in Durack

Federal Member for Durack Melissa Price said she’s backing the more than 17,000 small, medium and family businesses in her electorate who are benefiting from the Morrison Government’s tax relief reforms.

“These small businesses are the backbone of the Australian and Durack economy,” Ms Price said. 

“The Federal Government has already lowered taxes for around 3.4 million small and medium-sized businesses employing over seven million workers to help them get ahead and create jobs.”

Our plan for lower tax for the 17,327 small businesses in Durack will:

·         Fast-track the company tax rate cut to 25 per cent for small and medium sized businesses.  A lower tax rate means more money to reinvest back into the business and create more jobs for Australians.

·         Increase the Instant Asset Write Off to $30,000 and extend it to medium businesses. That will help businesses to get the equipment, tools and vehicles they need.

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