company tax reduction is a fraud

Reduction in Company Tax from 30% to 28% will benefit virtually nobody.

Any income earnt above $35k is taxed at 30% (according to the current tax tables).

So if you draw from profits in your small business (or big business), or if you earn dividends from say BHP you pay the 2% back if your total income is above $35k.

Now how many people earn less than $35k gross per year???

Another Labor trick, pretending to be good for business.

What a joke! What a disaster!