Stimulating the economy on its way to recovery from small business rates relief 2020 budget Watch Video
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Description: The focus of this year’s budget was economic stimuli, Treasurer Josh Frydenberg has announced a number of measures to boost Australia’s economy.n nTax cutsnAround 11 million Australians will benefit from reduced marginal tax rates that will be backdated to 1 July 2020. Those earning $40,000 or less will pay 20% less tax, and those earning $80,000 will pay 11% less tax.n nSuperannuationnWhilst there were no changes to either superannuation guarantee payments or the taxation of superannuat
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