VIC taxes and Albo’s ‘Future Made in Australia’ plan are affecting SMEs, says SEMMA

The Victorian Government’s latest round of taxes delivered in this year’s State Budget are, according to the Treasurer Tim Pallas, designed to “(The Commercial and Industrial Property Tax) be set at a single flat rate of one per cent of a property’s unimproved land value – there are no complicated graduated rates – and exemptions that apply to land tax will also apply. Administration will also be similar to arrangements for land tax, to streamline compliance”. Word from Honi Walker, CEO SEMMA Read More

Governments must drive SME business costs down through Future Made Act

SEMMA is concerned that the recent announcement by the Federal Government’s new “Future Made in Australia Act” will effect SMEs in the manufacturing sector as it believes the Act may not address the industry’s critical needs and concerns. A Word From Honi Walker, CEO SEMMA
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