'Powerhouses in our neighbourhoods': Migrant-run small businesses an economic and social boon, report finds

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A new report reveals Australia's small businesses, many of which are run by migrants, are critical to rebuilding the broader economy as well as their local communities.

Haipei Yu built a thriving Chinese medicine practice during her first 10 years in Australia, but when the pandemic hit she wasn't able to treat patients and her income vanished for months.

The Scanlon Foundation Research Institute report shows small businesses are critical to the ongoing economic recovery from the pandemic, and more than a third of these businesses, roughly 620,000 of them, are run by migrants or their Australian-born children. Ms Yu wasn't able to treat patients for about three months, and instead helped people by doing online and phone consultations — as well as doing shopping runs for some elderly neighbours."During the lockdown, it was pretty tough.By October, as restrictions eased, patients were able to start coming back."Sometimes people tell you the symptoms instead of the problem."

In a statement to the ABC, the ATO said it was unable to comment on specific cases due to confidentiality laws. "If a small business owner is feeling overwhelmed or getting behind with their tax, we encourage them to contact their registered tax professional or the ATO as early as possible so we can work with them to find a solution.Small businesses vital to economy

Source: Financial Digest (financialdigest.net)

 

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Yeah, but we don't need CCP sympathisers here, nor apologisers from the far left ABC. Get your priorities straight. We would prefer that the far left ABC covered off on real News rather than PR.

Hardly surprising findings considering The Scanlon Foundation, a pro-immigration think-tank, produced the report. A bit more disclosure would be helpful.

Dynamic traits of Han Chinese origins - China, Korea,Taiwan and HK always existed.Toiled and toughen, evoluted through centuries of dictatorial Emperor's suppression. Best is yet to come, if China becomes a democracy when free thinking, creativity bears future innovations .

Dynamic traits of Han Chinese origins - China, Korea,Taiwan and HK always existed.Toiled and toughen, evoluted through centuries of dictatorial Emperor's suppression. Best is yet to come, if China becomes a democracy where free thinking, creativity bears future innovations .

Pillars of the community. Which is why it is so sad to have seen so many go under recently due to Covid amd lockdowns etc in Victoria.

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