We will: Cut the small business company tax rate to 27.5 per cent for small businesses with a turnover less than $10 million. Increase the unincorporated tax discount from 5 per cent to 8 per cent, capped at $1,000 for small businesses with a turnover less than $5 million. Extend access to the instant asset write off so that small businesses with a turnover less than $10 million can instantly deduct each and every asset under $20,000.
positive towards equality or social justice, e.g. protection of underprivileged groups or fair distribution of resources