Abbott shrugs off Labor's small business squeeze

Labor's decision to insist company tax be paid monthly is hurting Australia's vital SME sector, but the leader of the Opposition doesn't seem too concerned.

The squeeze on middle and smaller enterprises by larger organisations with market power is both relentless and increasing. My guess is that this squeeze is a significant factor in the sluggish employment market. What Australia is doing is making it harder and harder for young people to start their own business. In the process we will kill innovation and once the mining construction boom is over we will be saddled with higher unemployment.

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