Liberals dangle tax breaks for business lunches as leaders target marginal seats
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Small businesses would be able to claim tax deductions on food and entertainment expenses for up to $20,000 under a Coalition policy. Tax breaks for work lunches are on the cards as part of a push by the Coalition to win over small businesses, as Peter Dutton looks to regain ground in inner-city Brisbane seats.
The opposition leader used a campaign rally to unveil a plan to allow tax deductions of up to $20,000 for meal and entertainment expenses for small businesses. The deductions would only be eligible for businesses with a turnover of under $10m and would run for two years, and be exempt from fringe benefits tax.
Alcohol would also be excluded from the proposal. Sign up for Guardian Australia’s breaking news email. The policy announcement came at a rally to the party faithful in the electorate of Ryan, a former safe Coalition seat which the party lost to the Greens in 2022.
Dutton said the tax measure would provide relief to local economies. “This is a win for the small business spending the money on their staff or clients, and a win for the hospitality venues who will see an increased spend in their businesses,” he said.
“Cafes, restaurants, clubs and pubs are the lifeblood of so many local economies around the country.”. The prime minister, Anthony Albanese, who on Sunday announced a $1bn package to turn roads leading to the new western Sydney airport into a transport corridor, hit out at the Coalition policy, saying it had not been fully costed.
