Australia

Jian Gao (), Ruitao Jia () and Qing Su ()
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Jian Gao: Tsinghua University
Ruitao Jia: Tsinghua University
Qing Su: Tsinghua University

A chapter in G20 Entrepreneurship Services Report, 2022, pp 45-57 from Springer

Abstract: Abstract The Australian government has been attaching great importance to the innovation and entrepreneurship at national level and help SMEs by launching preferential tax policies, such as raising the upper limit of small enterprises and providing tax cut. The Australian government released the National Innovation and Science Agenda at the end of 2015, which specifically launched the Entrepreneurs’ Program to support the development of start-ups and SMEs. In early 2017, the Australian government began a three-year reform of the corporate tax system and raised the upper limit of the operating revenue of small businesses. In the 2015/2016 Budget released earlier, the Australian government introduced the Jobs and Small Business Package to provide SMEs with a total tax relief of 5 billion Australian dollars.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6787-9_3

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DOI: 10.1007/978-981-16-6787-9_3

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