Use $10 billion a year to create 500,000 jobs: business

Their call for a $10 billion-a-year tax deduction to spur new investment is part of a wider blueprint that would also bring forward income tax cuts, spend more on skills and create a "net zero" economy with lower carbon emissions by 2050.

"We don't need just an investment hit for one year – we need a sustained lift in investment across the nation," said Mr Reed, the former chief executive of services company MYOB. The allowance would work as an additional tax deduction for new investment and would reduce the final cost of buying new machinery, equipment or intangible assets.

CroweDM Rent seekers to the bitter end

CroweDM How about social housing instead of dodgy Homebuilder pandering to the Master Builders Association?

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Thousands of businesses to hit the wall unless insolvency supports extendedThousands of businesses are forecast to fail within weeks in a new sign of the pressure on jobs as the government tries to lift the economy out of recession. Yes and the stupid AGE and SMH are mostly to blame Thank god. Once these companies close and people loose their jobs. The fat happy population will realise that lockdowns are a VERY BAD IDEA. I hope we see lots more closures. It’ll help boost the numbers of people who want DanielAndrewsMP to GTFO. Well tens of thousands of business fail every year in Australia. A few more is just likely as they are not well run businesses and their time is probably up anyway... a bit like aged care residents. Right?
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