Tax cuts for small and medium-sized businesses will be brought forward by five years, Prime Minister Scott Morrison is expected to announce.
Companies with annual turnovers of less than $50 million will have tax levels cut to 26 per cent in 2020-21 and 25 per cent the following year, The Australian reports.
Mr Morrison will outline the new policy - an update to a plan that originally envisioned corporate taxes being cut to 26 per cent by 2025-26 - in a speech in Melbourne on Thursday.
More to come
