New small businesses will face lower corporate tax rates ... instantly deduct the cost of business upgrades. The Coalition hopes to legislate a $30,000 write-off on an ongoing basis.

The huge economic benefits would flow if the small business tax rate was cut ... pledges to make the instant asset write off permanent and introduce tax-deductible hospitality and entertainment ...

The Coalition is facing growing calls to explain how it will cost its election promises, with Treasurer Jim Chalmers turning ...