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Australia

In: G20 Entrepreneurship Services Report

Author

Listed:
  • Jian Gao

    (Tsinghua University)

  • Ruitao Jia

    (Tsinghua University)

  • Qing Su

    (Tsinghua University)

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.

Suggested Citation

  • Jian Gao & Ruitao Jia & Qing Su, 2022. "Australia," Springer Books, in: G20 Entrepreneurship Services Report, pages 45-57, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-6787-9_3
    DOI: 10.1007/978-981-16-6787-9_3
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