On the eve of the Federal Budget, a new poll has shown that three out of five Australian businesses believe speculation around the federal election is having a negative impact on business and consumer confidence.
Over 230 businesses across a range of key of industry sectors responded to ShineWing Australia's Pre-Budget impact survey. While only 20 per cent of respondents felt there would be serious tax reforms introduced as part of the 2019/20 Federal Budget, 65 per cent felt that further reductions to company tax rates would have a positive impact on our economy.
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