05 Jul

2012 Australian Federal Budget Report

Author: Carl Dumbrell

The much talked about and speculated surplus has materialised. The Treasurer revealed a $1.5bn surplus for 2012-13.

The pre-budget speculation about reduced tax breaks for companies to help fund the surplus has come true, with the proposed company tax rate reduced to 29% scrapped altogether (as the Government considered that it would not get the cut through Parliament).

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