IPA's advocacy success on small business tax cut
The Institute of Public Accountants (IPA) has welcomed the Prime Minister’s announcement that from 1 July 2015 small business will receive a company tax cut.
“The IPA has been advocating strongly for taxation reform to ensure Australia’s small businesses are provided fast and effective tax relief to stimulate economic growth. We warmly welcome the Prime Minister’s recognition today of the importance of reducing the tax burden on small business” IPA Chief Executive Officer Andrew Conway said.
“The Prime Minister’s announcement of the small business tax cut aligns directly with the IPA’s Australian Small Business White Paper recommendations and we are pleased to have played a role in the dialogue.
“The Australian Small Business White Paper has been developed through extensive partnerships with other industry groups, governments, regulators and importantly small business owners and operators. The IPA has engaged directly on the issue of small business taxation and the widely held view of the hundreds of small businesses consulted through our Small Business White Paper Summits around the country validates this position.
“We look forward to continuing our productive work with the Australian Government and the Minister for Small Business The Hon Bruce Billson MP as well as the Opposition and cross-bench members to advance the issues contained in Australia’s first-ever industry-led Small Business White Paper to ensure that Australia becomes the best place in the world to start and run a small business”, said Mr Conway.