Chief executives of fast-growing companies in Australia say they are running behind overseas rivals in investing heavily in developing technologies and that a corporate tax rate cut and extra incentives would help them catch up.
Responding to Industry Minister Ed Husic’s call to cut taxes on corporate profits to encourage more technology investment, company chiefs said a greater R&D allowance and tax rebates would allow them to expand their operations faster.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
