The Small Business and General Business Tax Break Bill introduced by the Federal Government in parliament this week does not provide a tax break for the purchase of business software and in doing so ignores the Australian software industry.
The government had an excellent opportunity to support the software industry and the jobs its provides. I figured they would seize the opportunity given the hundreds of millions they have thrown at overseas companies – automakers for example. Instead, they ignored us.
I am disappointed because I provided a written submission which I thought made a good case for the inclusion of software. I expect many other software companies made similar submissions.
The economic knock-on from greater than natural growth in software sales would have been significant – business productivity improves, software companies investmmore in R&D and so on…
This is a missed opportunity.