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