A reduction in company tax is great news for retailers

The Australian Retailers Association (ARA) believes the reduction in the company tax rate will attract retail investment, create jobs and help build a stronger Australian economy,

“We are confident that the reduction in the company tax rate for businesses with an annual turnover of less than $50 million will benefit thousands of small and medium-sized retailers, their employees and the broader Australian community,” ARA Executive Director, Russell Zimmerman said.

“The only way to broadly grow the economy is to deliver further tax cuts to all sized businesses to grow jobs, bring inbound investment and keep Australian businesses investing in Australia.”

pexels-photo.jpg While the ARA is disappointed the Senate didn’t implement a full tax reform, we support this forward step into lowering the tax rate for all Australian businesses.

“With many Australian retailers experiencing significant cost pressures in today’s environment, the reduction in company tax rates will build a stronger and more successful economy that is capable of supporting the broader aspirations of the Australian retail industry,” Mr Zimmerman said.

 

SHARE THIS ARTICLE

FURTHER READING

An important update from Rest Super

We understand Rest members may be concerned about recent fluctuations in their accounts. These market ups and downs can be unsettling, but they’re a normal part of investing. This is

ANZAC Day Trading Hours 2025

The following is a state by state breakdown of the public holiday information for ANZAC Day 2025. When is ANZAC Day 2025? ANZAC Day is on Friday, 25th of April