Multinationals such as Nestle, Mondelez and Asahi will review capital investment plans and consider bringing forward investment following the government's decision to widen the eligibility for its $26 billion business expense tax break.
The $26 billion plan, unveiled in the October budget, allows firms with turnover of up to $5 billion to instantly write off the full cost of eligible capital investments between now and June 2022.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
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
