WRIGHT BUSINESSES TO BENEFIT FROM COALITION COMPANY TAX CUT

A Coalition Government will cut the company tax rate by 1.5 per cent from 1 July 2015.

Federal Member for Wright, Scott Buchholz says hundreds of businesses in Wright will benefit from the tax cut which will boost jobs and strengthen the economy.

“I know that businesses are under pressure and people are concerned about their job security. Cutting company tax will increase investment and jobs and build a stronger economy with higher wages” said Mr. Buchholz.

Local businesses are doing it tough with thousands of new regulations, the carbon tax, the latest FBT hit and uncertainty in the economy – and they need relief from cost pressures, just like families do.

With unemployment already at the highest level in 14 years- and set to surge further to nearly 800,000 on the Government’s own forecasts- cutting tax is crucial to strengthening the economy and creating the right environment for jobs.

“I know that not every small business is registered as a company, but many are and that means they will get the benefit of a new 28.5 per cent company tax rate”,

“Lowering the company tax rate is part of our Plan to build a strong, prosperous economy with more investment and more jobs” said Mr. Buchholz.

The Coalition’s Real Solutions Plan will create one million new jobs within five years – and we will do it by cutting compnay tax, abolishing the carbon tax, cutting $1billion in red-tape and not proceeding with Labor’s $1.8billion FBT hit on cars.

For six years Mr. Rudd and Labor have talked about a compnay tax cut but have not delivered – if elected, the Coalition will deliver a company tax cut.