Government’s embrace of small business welcome
News reports today that the Government is considering options to smooth the path for small businesses, including in dealings with the Australian Tax Office, have been strongly welcomed by Liberal Senator Eric Abetz.
Senator Abetz has long advocated for improved tax dispute resolution for small business and for the Government to embrace the recommendations from the Australian Small Business and Family Enterprise Ombudsman’s report into payment times and practices for small business.
“The Government’s consideration of these important reforms to further back small business comes as a direct result of small business being back at the front and centre of the Government’s decision making processes,” Senator Abetz said.
“For too long, the ATO has relentlessly used its size and legal fire-power to intimidate and stand over small businesses who find it impossible to compete with them. It’s vital that we have a more streamlined process that genuinely gives small business an equal voice and equal standing with the worst element of big government.”
“Australia has one of the worst records with the majority of payments being 26 days past due compared to countries like Japan where payments are on average made 6 days ahead of falling due – this is something that must be overcome to stop big business and big government using small businesses and suppliers as cash cows to shift money off the balance sheet.”
“I am pleased that the Liberal-National Government, and in particular the Prime Minister, has ensured that small business is back in the fore and the contemplation of serious policy reform in this space is very exciting for the tens of thousands of job-creating small businesses around Australia,” Senator Abetz concluded.