NewsBite

BCA calls for $10b investment tax break to boost jobs

John Kehoe
John KehoeEconomics editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

A $10 billion annual business investment tax break that could add an estimated $200 billion to capital expenditure and help create half a million jobs over the next decade headlines the Business Council of Australia's wish list for next month's federal budget.

Arguing for a shift from emergency income support such as JobKeeper to growth-oriented reforms, the BCA called for allowing businesses to recover tax losses from past years to boost their cash flow, accelerated personal income tax cuts, further payroll tax relief, and the federal and state governments to "unleash their balance sheets" on high-quality, job-creating infrastructure projects.

Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/economy/bca-calls-for-10b-investment-tax-break-to-boost-jobs-20200904-p55sex