Smaller companies biggest winners

Shareholders in the largest companies will lose out from the Coalition’s tax and levy plans, but smaller companies win.

Two of the policy differences between the major political parties in the 2013 federal election are the Coalition’s commitments to a 1.5% cut in the corporate tax rate and to a more generous paid parental leave scheme than the Government’s.

The parental leave scheme will be funded, in part, by a 1.5% additional levy on the approximately 3,000 Australian companies with taxable incomes greater than $5 million.

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