The Morrison government has taken up calls by business for generous tax breaks to be maintained, extending temporary full expensing and loss carry-back rules into 2023.
More than 99 per cent of businesses, employing more than 11 million workers, will be allowed to deduct the full cost of eligible capital assets until June 30, 2023, under the one-year extension. Read more: https://www.afr.com/politics/federal/business-wins-20-7b-as-tax-breaks-extended-to-2023-20210510-p57qi7
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