A Treasury report into the government’s ten-year plan to cut company tax rates will suggest implementing the full scheme would contribute $30 billion in revenue return due to increased productivity.
The Australian reports the review, to be released today, suggests the $65 billion price tag that has been placed on the plan to lower the company tax rate to 25% by 2026 for all companies will be offset by $30 billion in extra tax revenue.
The Turnbull government secured the first stage of the tax cut plan in April, when businesses with annual turnover of up to $50 million secured the first lowered tax rates.
Facebook Messenger to extend reach to company websites
An upgrade to Facebook Messenger will allow businesses to link their Messenger chat functionality into company websites.
Facebook Messenger 2.2, which launches in Australia today, will let customers chat with businesses both from within app and on the company’s site, allowing them to seamlessly move between both platforms to hold the one conversation .
“This makes it easier for customers to continue the conversation with a business whenever and wherever it’s most convenient for them,” Facebook said in a statement this morning.
Telstra to compensate 42,000 users over NBN claims
Telstra has admitted it may have misled customers when advertising NBN download speeds of up to 100 megabits per second, pledging to compensate those affected.
The Australian Competition and Consumer Commission investigated the claims made between September 2015 and November 2017 about the speeds of broadband plans on the Telstra and Belong brands.
ACCC chairman Rod Sims said in a statement this morning the investigation found that many of the telco’s fibre-to-the-home and fibre-to-the-node customers were not able to access the maximum speeds advertised to them, and often their services could only deliver speeds in line with a lower-rung plan.
Telstra has pledged to compensate affected customers, including by offering refunds and the chance to exit contracts without paying a fee.