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2015-16 Federal Budget: The Government targets multinationals, small businesses get a tax break

  Author: Baker & McKenzie ( Baker & McKenzie )
 May, 2015
  Price: FREE

Abstract:

Tonight, the Federal Treasurer Joe Hockey delivered his second Federal Budget.
Set in the context of a weakening local economy and a Federal Government keen to bring its $41.1 billion budget deficit back to surplus, this Budget introduces some challenging measures clearly focused on raising revenue from offshore multinationals, while at the same time providing a variety of measures designed to incentivise local small business, farming and infrastructure sectors of our economy.
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