Rather than have his office tersely rebuke his cabinet colleague for comments made at the Summit, the treasurer should now start making the pro-business and pro-worker case for corporate tax reform.
The sold-out audience for the first The Australian Financial Review AI Summit is a measure of business and investor interest in the rise of a technology that Commonwealth Bank chief executive Matt Comyn suggests could be as significant as the industrial and scientific revolutions.
But the Summit took an unexpected turn when Labor’s Industry Minister, Ed Husic, put on the agenda the need for lower company taxes to help businesses free up capital and drive investment in AI technologies.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
