Senate debates Questions without Notice

Taxation


Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Foreign Affairs

2:36 pm

Well, I think I just spoke about the capital gains tax changes that have been made for small business, and the Treasurer did speak about the fact that there are a number of tax concessions for small business. The active asset reduction is the most accessed concession for small businesses and is broadly applicable. That is the policy improvement that I was referencing when I referenced the number of small businesses who would benefit from that change.

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