The budget looks good, for now. But the surge in taxable profits will subside as companies find ways to shift profits offshore. We've come up a better way to tax onshore what happens onshore.
The $20,000 immediate write-off for small business has been broadly welcomed, but modelling shows there will be losers.
The small business package allowing firms to depreciate up to $20,000 of assets comes with a hefty upfront cost - but the government collects later.