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Aus Minister Hints At Media Tax Breaks

by Mary Swire, Tax-news.com, Hong Kong

09 August 2017


Australia's Communications Minister has hinted that the Government could consider a tax break for small publishers as part of a deal with opposition parties on media reform.

During an interview with ABC, Mitch Fifield was asked about his discussions with Senator Nick Xenophon, the Green party, and One Nation on the future of the Government's media bill. Fifield said that the three parties have "shown a real willingness to engage constructively."

Xenophon has proposed a 40 percent tax break for smaller publishers, to encourage the employment of more journalists. When asked if there is "a role for Government or tax policy in this," Fifield replied that "We want to see strong media organizations. And part of that is strong newsrooms continuing to employ journalists."

He added: "That's part of the basis of our media reform package, that you've got media organizations that are more viable, that can configure themselves in ways that support their viability."

Fifield was then pressed as to whether the Government would consider such a measure. He said that he is "not in the business of providing a commentary on discussions that I'm having with the crossbench," but that Xenophon "has been public about some of the things that he's putting to us."

TAGS: tax | business | tax incentives | Australia | tax breaks | Communications

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