THE Pharmacy Guild of Australia has welcomed the Federal Opposition's commitment to accelerating tax cuts, with the ALP confirming on Fri it would support government tax cut legislation.
The Labor Party announcement ensures the passage of laws which will see businesses turning over up to $50 million annually have their tax rate reduced to 25% by 2021/22.
Guild Executive Director David Quilty said the bipartisan move would benefit community pharmacy small businesses across the country, providing certainty as they make decisions on staff hiring and investing in their businesses to support patients and communities.
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