Massive $27b tax break for 99pc of businesses
Tom McIlroyPolitical correspondent
More than 99 per cent of businesses will get access to a massive new investment allowance, dubbed "a game changer" for the economic recovery by Treasurer Josh Frydenberg.
The mining giants, medical products giant CSL and the big four banks are among the few businesses set to be excluded from the nearly $27 billion plan, set to allow firms with turnover of up to $5 billion to deduct the full cost of eligible capital assets.
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Tom McIlroy is the Financial Review's political correspondent, reporting from the federal press gallery at Parliament House. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
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