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Listen "Could Fringe Benefits Tax cut boost SMEs' post-Corona business?"
Episode Synopsis
Australia's Small Business and Family Enterprise Ombudsman Kate Carnell is proposing to abolish Fringe Benefits Tax for two years, to help Small and Medium Enterprises in two ways:
First, it would remove a compliance burden placed which bigger businesses are able to navigate much more easily.
And second, they would benefit from increased sales as their customers wouldn't have to pay the tax on products and services they provide, and might therefore buy more.
RIABU's Simon Littlewood and Mark Laudi debate the effectiveness of such a cut.
Here is the release mentioned in the podcast:
https://www.asbfeo.gov.au/news/news-articles/axe-fringe-benefits-tax-stimulate-cash-flow-ombudsman
First, it would remove a compliance burden placed which bigger businesses are able to navigate much more easily.
And second, they would benefit from increased sales as their customers wouldn't have to pay the tax on products and services they provide, and might therefore buy more.
RIABU's Simon Littlewood and Mark Laudi debate the effectiveness of such a cut.
Here is the release mentioned in the podcast:
https://www.asbfeo.gov.au/news/news-articles/axe-fringe-benefits-tax-stimulate-cash-flow-ombudsman
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