By simply grabbing a $99 ABN, anyone could jump in and claim a great day of leisure, claims Michael O’Neil. But that won’t help small businesses.

The recently announced Coalition policy to allow for “business entertainment expenses” as a tax deduction, including work-related meals, rounds of golf, attending football matches and the movies, is surely one of the worst policy proposals ever put forward to the Australian public.

The proposed policy quarantines the tax deductions for businesses with an annual turnover of less than $10m, then allows deductions of up to $20,000 per tax year.

Besides the presumption that the ATO will immediately ask for more staff to police this policy (so much for small and efficient government), the........

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