Labor looks to small business with cabinet pledge

Labor  will seek to promote its small business credentials at this year's election with a pledge to give the sector a seat at the cabinet table."Labor will be putting in the election that we actually have a better option on small business than the government," shadow treasurer and small business minister Chris Bowen said. Labor has pledged to match the company tax cuts offered by the government, will continue the instant asset write off and will introduce an Australian Investment Guarantee under which businesses will be able to claim deductions of up to 20 per cent in the first year on investments in depreciable assets over $20,000.Labor will look to attract small businesses who have a beef with the Australian Tax Office by installing a second commissioner dedicated to appeals.