The year has begun with an intriguing policy proposal by the Federal Coalition – to allow entertainment expenses, excluding alcohol, of $20,000 per year for small businesses to be made tax deductible and exempt from fringe benefits tax (FBT).
When it comes to arts policy, Peter Dutton’s name does not usually come to mind. However, he may have inadvertently created one of the most arts-friendly tax proposals in recent history with his announcement that the Coalition, if elected, will make entertainment expenses up to $20,000 per year, tax deductible for small business.
