Of 5% on cash flow/revenue.. Only the Australian government t productivity communists/commission could believe this is good for SME's. reducing .sme's co tax to 20% is the diversion. If these mongrels get this thru it will be a hidden tax they will increase. GST was to get rid of wholesale now to simplify tax,now they introduce a tax to increase red tape and make the insane tax system even more complicated. . Taxing unrealised profits is bad enough.. Now taxing sme's that may not be making a profit and increasing tax on co's with revenue over $1 billion 30% co tax now plus this revenue 5% tax on revenue..
