ABC News | Company tax cuts on hold for businesses with turnover above $50 million ABC News The Federal Government has conceded it cannot convince the Senate this week to make more cuts to company tax. Key points: Finance Minister says Government remains committed to its plan, will try again when Parliament resumes after winter break ... 'We need more time': Turnbull government concedes defeat on company tax cuts Bill Shorten's MPs defend Labor leader's call for medium-sized business tax hike as vote stalled Second Labor MP refuses to endorse Bill Shorten's tax captain's call |