In the lead up to the budget there was talk of a possible extension to the $20,000 instant tax write off and the first cuts to the corporate tax rate in 15 years.
Last night when the budget was finally released it was general well received by the business community.
On the up side it contains broad measures to bolster business, investment and innovation including tax cuts and a number of tax measures that free up alternate funding and investment sources for business.
The downside is that there are significant reforms restricting access to superannuation concessions.
