Politics

Small business tax cut boosts economy, creates jobs

COSBOA: Small business tax cut could boost Australia’s economy by $11.4 billion and create 3,370 permanent jobs.

Published

11 months ago

April 21, 2025

Ahron Young

COSBOA: Small business tax cut could boost Australia’s economy by $11.4 billion and create 3,370 permanent jobs.

In Short

COSBOA’s economic modelling suggests that reducing the small business tax rate from 25% to 20% could boost the economy by $11.4 billion and create around 3,370 jobs.

CEO Luke Achterstraat urges major parties to adopt this fiscally prudent proposal, which could enhance cash flow, innovation, and overall economic growth for small businesses.

Economic modelling by the Council of Small Business Organisations Australia (COSBOA) indicates a reduction in the small business tax rate from 25% to 20% could enhance the economy by up to $11.4 billion and create approximately 3,370 permanent jobs.

COSBOA’s CEO, Luke Achterstraat, described the tax cut as “fiscally prudent” and beneficial for economic policy, noting it could stimulate cash flow and business growth.

Achterstraat stressed the importance of this proposal for small businesses, emphasising that it would lead to increased economic growth, innovation, and productivity. He explained that the modelling suggested the GDP could rise by $10 for every $1 lost in tax revenue, resulting in significant economic benefits and minimal budget impact.

Adopt the policy

As the 2025 election campaign progresses, Achterstraat called on major parties to consider adopting the policy, highlighting its potential to support small businesses, particularly following challenges from the GFC and Covid-19.

The modelling evaluated three scenarios for tax reduction implementation: an immediate cut in 2025-26, a phased approach to 2027-28, and another to 2029-30. Each scenario showed substantial benefits for small business cash flow, investment, and job creation.

Under the immediate reduction scenario, Australia’s GDP could increase by about $11.4 billion over five years, with net gains of roughly $10 for each $1 of lost revenue. This tax cut could provide essential relief for small businesses, allowing them to focus on their operations and community service.

Politics

Pentagon clashes with Anthropic over AI safeguards amid Iran conflict

Pentagon vs. Anthropic: clash over AI’s role in military sparks ethical debate on autonomous weapons and privacy.

Published

1 day ago

March 2, 2026

Harvey Vargas

Pentagon vs. Anthropic: clash over AI’s role in military sparks ethical debate on autonomous weapons and privacy.

The Pentagon and AI company Anthropic are clashing over the role of artificial intelligence in military operations. As bombs struck Iran, the Pentagon demanded Anthropic remove safeguards from its AI models, claiming the technology was involved in the campaign.

Anthropic refused, sparking a debate over ethics, accountability, and the limits of AI in defence.

Professor Chris Berg from RMIT University breaks down the Pentagon’s demands, the risk of contract termination, and what this conflict could mean for the future of autonomous weapons. The standoff underscores the tension between national security imperatives and public concerns about privacy and safety.

From AI safeguards to surveillance, this story examines the high-stakes battle between government authority and ethical tech.

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#AIethics #NationalSecurity #Pentagon #Anthropic #AIinDefense #TechNews #PrivacyMatters #AutonomousWeapons

Politics

Angus Taylor pushes bipartisan taskforce on carbon tariffs and spending cuts

Angus Taylor urges bipartisan collaboration on carbon tariffs, advocating for spending cuts to protect Australia’s economy and industries.

Published

2 weeks ago

February 16, 2026

Harvey Vargas

Angus Taylor urges bipartisan collaboration on carbon tariffs, advocating for spending cuts to protect Australia’s economy and industries.

Opposition leader Angus Taylor is urging Prime Minister Anthony Albanese to form a bipartisan task force to tackle carbon tariffs and propose essential government spending cuts. Taylor argues that cross-party collaboration is crucial to safeguard Australian industries and the economy from escalating carbon-related costs.

Taylor highlights specific areas for spending reductions while emphasising the need for major parties to work together. His proposals aim to balance environmental responsibilities with economic growth, sparking debate on how Australia should navigate its carbon policy.

Professor Chris Berg from RMIT University discusses the implications of Taylor’s stance and what it could mean for Australia’s economic future.

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Politics

Sussan Ley faces leadership pressure amid coalition turmoil

Sussan Ley faces rising pressure as Liberal Party dissent grows; political stability at risk, per Chris Berg.

Published

3 weeks ago

February 9, 2026

Harvey Vargas

Sussan Ley faces rising pressure as Liberal Party dissent grows; political stability at risk, per Chris Berg.

Liberal leader Sussan Ley is under growing pressure less than a year into her role, as internal party dissent intensifies and narratives form questioning her judgement. Political insiders suggest her leadership could face serious challenges in the coming months.

Professor Chris Berg from RMIT University breaks down the forces driving instability in Australian politics, examining how party dynamics and public perception influence leadership survival.

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#SussanLey #AustralianPolitics #LiberalParty #LeadershipCrisis #PoliticalAnalysis #ChrisBerg #RMITUniversity #TickerNews