Morrison May Revive Australian Business Tax Push Before Election

by 8:30 PM 0 comments
Australian Treasurer Scott Morrison could seek to push through legislation before the next federal election to implement parts of the government?s business tax plan that have been stymied by parliament.
The next federal election could be held as late as 2019, and Morrison said there could be another push on company taxes before then.
When asked about whether any taxes would be increased in the budget, Morrison said that would be addressed in the May announcement.
While Prime Minister Malcolm Turnbull held on to power at the subsequent federal election in July, he is working with a reduced majority and opposition parties have rejected the cuts for big business.
?You need to look beyond this narrow debate over company taxes to the broad range of questions that affect a company?s decision to invest in Australia,? he said.

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