Tax

Efforts to collect small business tax debts must be “proportional”, Independent MP Allegra Spender says, echoing concerns from fellow ‘teal’ MP Zoe Daniel that small businesses are struggling to cope with the Australian Taxation Office’s current compliance approach.

A $1.55 billion package of ‘bonus’ tax deductions for small business is expected to deliver a further $300 million in benefits, according to new Treasury estimates.