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Trucking Industry * Australia - Welcomes tax policy statement
The Australian Trucking Association has welcomed the government's tax policy statement - with some reservationsCanberra,Australia -Transport & Logistic News -5 May 2010: -- The government has announced it will:
* Reduce company taxes from 30 per cent to 29 per cent in 2013-14 and 28 per cent from 2014-15 on;
* Reduce the company tax rate for small businesses early, with the 28 per cent rate applying from 2012-13;
* Enable small businesses to write off assets worth up to $5,000 instantly;
* Simplify depreciation for other assets, which will reduce complexity and cut red tape; Establish a new infrastructure fund to help the states cope with the resources boom, with initial annual contributions starting at $700 million from 2012-13.
The chief executive of the Australian Trucking Association, Stuart St Clair, said the government's decision to cut the red tape involved in busines... (Photo from kenworth down under)
Labels: trucking industry news Australia
posted by Unknown @ 11:23 AM
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