The latest Federal Budget News: Read the latest analysis on the Federal Budget 2010 and what it will mean for small and medium business. SmartCompany Editor James Thomson files directly from Canberra.
Business is difficult, employing people is hard and yet this is the key to an economically healthier society which can afford more services, healthcare and education for everyone.
Opposition Treasury spokesman Joe Hockey unveils a plan he says will save the Federal Budget $46.7 billion, but will also reverse the Rudd Government’s plan to cut the corporate tax rate.
While business groups welcome the fact the Federal Budget will be back in surplus in two years, they say the Budget is light on for immediate support for SMEs.
While it’s easy to be distracted by the Treasurer’s surplus predictions and new spending measures, it’s important to take heed of those small announcements that could turn into time bombs. Here are three where the fuse has already been lit.
By burying a program here and raising a tax there, the government has declared that the Budget will be back in surplus by 2012-13. But there’s not a lot of wriggle room in Kevin Rudd’s re-election strategy.
Two of the most leftfield business-related measures in this year's Budget – a change to GST laws to help recreational boat builders and a boost to the film production sector.