You are here

Australian retailers get boost from tax break for small business

Immediate tax deduction for buying office supplies that cost less than A$20,000, a significant jump from previous A$1,000 limit


AUSTRALIA's hard-pressed retailers received a boost from the federal budget as investors scrambled on Wednesday to buy shares in the sector, counting on a surprise tax break to help small businesses spend more on office supplies.

In a budget designed to boost small firms and