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Xero, Elmo lead tech stocks set to benefit from budget

Yolanda Redrup
Yolanda RedrupRich List Editor

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New support is coming for a small group of ASX-listed technology stocks, thanks to the government’s introduction of $1 billion worth of tax deductions aimed at SMEs.

Steve Vamos-led Xero is tipped to be one of the companies to benefit from this year’s budget. 

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/technology/xero-elmo-lead-tech-stocks-set-to-benefit-from-budget-20220331-p5a9u6