Treasurer reveals budget will contain tax breaks for businesses
Treasurer Jim Chalmers has told ABC Radio next week’s federal budget will contain tax breaks for businesses.
This will form part of the government’s new Future Made in Australia Act.
Mr Chalmers revealed Tuesday’s budget will have an emphasis on tax reform and incentivising investment in Australian businesses.
He also flagged housing as a centrepiece to the budget and ruled out changes to negative gearing.
“We are prepared to use the tax system in the service of our big national economic objectives,” the Treasurer said on Wednesday morning.
Treasurer reveals budget will contain tax breaks for businesses