Michaelia Cash (WA, Liberal Party, Minister for Employment, Skills, Small and Family Business) Share this | Hansard source

We'll get to that shortly. Last year we reduced the small-business company tax rate to 26 per cent. These changes are a part of what the Morrison government is doing to accelerate small-business tax cuts. We also brought forward that tax relief for SMEs by five years. In fact, under the Morrison government, small businesses are paying the lowest company tax rate since 1967. But we're not stopping there. We will now reduce that. The small-business company tax rate will fall to 25 per cent on 1 July, because we know, when you back small business, you back jobs.