The government’s decision to expand the eligibility rules for its corporate spending tax break will bring more of Australia’s largest employers and best-known companies forward investment plans and create new jobs.
“This is a critical decision as business investment equals jobs. Making Australia a more competitive place to do business is critical to achieving a job-related recovery, ”said Jennifer Westacott, executive director of the Business Council.
“This will open up opportunities for Australians by giving some of our biggest employers the opportunity to do more of what they do best – invest, expand and create new jobs.
« Big employers are already investing and employing in Australia, but to create the new jobs we need we need to attract a lot more. Today’s announcement will make Australia more attractive as we compete for global capital.
“The full effort creates new jobs by encouraging new orders and companies to immediately expand, innovate, update technology, and purchase new plant and equipment.
« Today’s decision recognizes that businesses of all sizes do the heavy lifting of recreation and are responsible for creating most of the new jobs.
“This is a welcome demonstration of the willingness of the Morrison administration to listen, respond and prioritize the urgent matters needed to get Australians back to work and keep our recovery on track. ”
Depreciation, Assets, Finance, Government
World News – AU – Increasing investment creates jobs
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