The Australian Financial Review - Page 1/4 : 2 June 2016

Original article by Phillip Coorey

Roy Morgan Summary

The Parliamentary Budget Office estimates that the Federal Government's proposal to progressively reduce the company tax rate to 25 per cent will cost
$A51bn. The Treasury's own forecasts suggest that it will cost $A48.2bn. Australian Greens MP Adam Bandt says the PBO costings demonstrate that Australia
cannot afford the tax cuts. Opposition to the tax cuts by the Greens and the Australian Labor Party means the Government will need the support of independents
in the Senate if it wins the 2016 election.

However, independent senator Nick Xenophon may oppose some elements of the proposed tax reforms. Nick Xenophon will be opening the FURNISHING futures Conference at FURNITEX & design if you wish to discuss this with him further register your attendance at