10 April 2017
Media Release - #2017040, 2017

Maranoa small business tax cuts in sight

A CUT in the company tax rate – to its lowest level in half a century – will enable Maranoa and western Queensland small businesses to expand, hire more people and pursue their dreams, Federal Small Business Minister Michael McCormack said.

In Roma, Dalby, Warwick and Stanthorpe for small business forums and meetings with small businesspeople today and tomorrow, Mr McCormack said the Federal Government backs hardworking Aussies in small business to have a go and pursue their dreams.

“It is small business – not Government – which creates jobs. That’s why the Federal Government’s tax cuts, simpler paperwork and access to instantly write-off new equipment against a small business’ tax is here to help,” Mr McCormack said.

“Australia’s 3.1 million small businesses already employ 5.5 million people – but we want that number to grow, with small businesses doing well and more Australians in a job.

“We are the Government for small business and are here to back those who want to have a go.”

Maranoa MP David Littleproud said the nationwide small business roadshow stops through rural Queensland were a great opportunity to showcase the region’s potential.

“There are thousands of small business success stories right throughout rural Queensland and the Minister’s roadshow is a great way to show the region’s potential, as well as the range of Federal Government support for local small businesspeople to grow and hire more people,” Mr Littleproud said.

“Locally, small businesspeople are a large employer and provide opportunities, goods and services for communities across Maranoa.

“Through having Minister McCormack’s roadshow in the region, we have heard some of the inspiring small business stories and their plans for the future.

“Our tax cut to 27.5 per cent backs small business and I am proud the Government is delivering simpler paperwork and the instant asset write off to more small businesses to help them pursue their dreams.

Mr McCormack and Mr Littleproud held small business roundtables in Roma, Dalby, Warwick and Stanthorpe.