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Hartsuyker welcomes tax cut for small business.



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Media Contact: Greg Pierce Coffs Harbour: 02 6652 6233 Canberra: 02 6277 4447 Mobile: 0408 532 785

Email: greg.pierce@aph.gov.au

July 28, 2010

Hartsuyker welcomes tax cut for small business

Federal MP Luke Hartsuyker has welcomed today’s announcement that a Coalition Government will cut the company tax rate by 1.5%.

From 1 July 2013, all businesses across Australia will benefit from a cut to the company tax rate from 30% to 28.5% if the Coalition wins government.

“Small businesses in Cowper are the engine room of our local economy. A cut in the company tax rate will flow through to consumers by reducing costs to business and helping to boost investment and jobs in regional areas,” Mr Hartsuyker said.

“Small businesses in Cowper will be better off under a Coalition Government. Under Labor, the company tax rate will be 29% on 1 July 2013 whereas a Coalition Government will deliver a tax rate of 28.5%.

“The Nationals stand for lower taxes. Labor stands for higher taxes and their great big mining and carbon taxes will destroy jobs and increase costs to small businesses and families.

“Small business deserves a fair go. A Coalition Government will reduce red-tape and improve small business access to Commonwealth contracts.

“The Coalition will provide small business with a direct line to Government through the establishment of a Small Business and Family Enterprise Ombudsman.

“Our Nationals team will also give small business a say in the development of taxation policy.

“Small business is the backbone of regional Australia and we are determined to ensure that government makes it easier, not harder, for small business to prosper and grow,” Mr Hartsuyker said.

ENDS