Shadow Finance Minister Jane Hume has criticised Labor as business insolvencies are “three times the average” under the Albanese government.
Opposition Leader Peter Dutton has announced small businesses with less than $10 million in turnover with be able to claim up to $20,000 on meals and entertainment provided to clients, vendors and employees.
“Small businesses, as we know, are doing it tough, and particularly we’re seeing high rates of insolvency, about three times the average of insolvencies under this Labor government,” Ms Hume told Sky News Australia.
“This announcement yesterday is a $20,000 tax deduction for small businesses who want to take their employees or their staff or their clients out to lunch, back into cafes, back into restaurants and pubs.
“This helps not just the small businesses, but it also helps that hospitality industry who have really been at the frontline of the cost of doing business crisis and the changes that we’ve seen in consumer behaviour because of rising prices.”
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