What does the federal budget deliver for business? Child care, skills and tax the centrepieces

Addressing skills shortages is the government's key budget focus to assist business, with tax stings in store for some multinationals, cash-in-hand businesses and off-market share buybacks.

The government's focus is firmly on improving female workforce participation with its election policy to increase childcare subsidies for families earning less than $530,000 a year now formally budgeted.