Government awaiting tax concession options for businesses

Sky News Political Editor Andrew Clennell discusses speculation around what concessions the federal government will give businesses following Labor’s tax changes announced in the budget earlier this month.

“It’s been a week with daily speculation around what concessions the government will give business after indicating they would try to spare start-ups the worst of their decision to axe the capital gains tax discount in this month’s federal budget,” he said.

“What I can tell you about this is that the government has not made its mind up and is awaiting a series of options from the Department of Treasury about what it can do for certain small businesses and startups without upending the government’s proposals or the budget.”