Red tape slashed in PAYG budget overhaul
Ronald MizenSenior reporter
Small business will get a $1.85 billion cash flow boost in the budget with the Coalition set to overhaul pay as you go tax instalments and reveal major IT spending to slash red tape by more than $800 million a year.
The calculation used to set how much tax a business has to pay each quarter (PAYG) will be changed from next financial year, leaving more money with businesses that can be used for other purposes.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
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