Under Labor’s New Jobs Tax Cut, small businesses will be able to claim a tax deduction of up to $20,000 per worker to offset the wages of up to five new employees. Just like the previous Labor Government’s instant asset write-off, businesses will be able to claim the New Jobs Tax Cut as part of their regular tax return. This minimises paperwork for busy employers.
supports market regulation for a fair and open market, for example for consumer protection or for increased competition or for social market economy