How will the Liberals’ tax deductible business lunches work?
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Peter Dutton has announced that businesses with a turnover of up to $10 million would be able to deduct up to $20,000 of “business-related meal and entertainment expenses” provided to clients, vendors and employees.
The policy has been lambasted by the government, who claim it will cost in the tens of billions of dollars, and say it amounts to using taxpayer money to “shout your boss steak tartare”.
Luke Grant gives Shadow Treasurer Angus Taylor the right of reply, discussing how the policy will assist struggling small businesses, boost productivity and improve the turnover of hospitality venues.
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