Australia's opposition leader, Peter Dutton, unveiled a new plan to support small businesses by allowing those with a turnover under AU$10 million to claim tax deductions of up to AU$20,000 for meal and entertainment expenses.

This measure, which would run for two years, would be exempt from Fringe Benefits Tax (FBT) and exclude alcohol from eligibility, reported The Guardian.

"This is a win for the small business spending the money on their staff or clients, and a win for the hospitality venues who will see an increased spend in their businesses," Dutton said. "Cafes, restaurants, clubs and pubs are the lifeblood of so many local economies around the country."

The initiative is seen as part of the Coalition's broader strategy to win over small businesses, as Dutton looks to regain support in inner-city........

© International Business Times