The Australian Greens understand the pressure that small businesses are feeling. We also recognise that a healthy small business sector means a strong Australian economy. They play a vital role in the economy, providing jobs to almost half the workforce. Small businesses are also part of the community in a way big business can never be.
The old parties take the small business sector for granted, while their policies invariably promote the interests of big business and their lobbyists.
The Greens recognise the people behind small business deserve more support. We will:
- Reduce the company tax rate for small business by 2%;
- The tax cut will take effect from 1 July 2014;
- Our policy will cost $1.75 billion over the forward estimates.