Labor hits back at critics by adding tax breaks to industry aid

Investors will be offered sweeping tax breaks and quick approvals to lure billions of dollars into major projects in the next phase of Labor’s bid to expand industry aid with a “made in Australia” economic plan.

Treasurer Jim Chalmers signalled that tax concessions would form a significant part of the Made in Australia plan.

The Coalition has warned against putting taxpayer cash into new schemes, however, by claiming that similar tax concessions in the United States have added to inflation. Chalmers said the government expected inflation to “moderate a bit more” in Australia despite signs of higher prices in the United States, although financial markets have pushed back assumptions about when the Reserve Bank may start cutting interest rates., superseding earlier calculations about a cut in November this year.

Former Productivity Commission chiefs have backed Wood on the key question, while Chalmers said he respected both.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Merger law: Jim Chalmers reveals changes to merger regimeThe ACCC will be able to block serial acquisitions and those that entrench the market power of big players, but Jim Chalmers rejected a “presumptive ban” on mergers.
Herkunft: FinancialReview - 🏆 2. / 90 Weiterlesen »

Chalmers’ merger reforms will change dealmakingThe treasurer’s sweeping reforms will transform how deals are done in Australia, but could change the way the economy develops.
Herkunft: FinancialReview - 🏆 2. / 90 Weiterlesen »

Treasurer Jim Chalmers embarks on legacy-building merger reformsHow the treasurer’s merger reforms end up working in practice will be known in just a few years. Whether they achieve their economic objective will not be known for decades.
Herkunft: FinancialReview - 🏆 2. / 90 Weiterlesen »

Australia merger laws: Jim Chalmers’ reforms threaten to ‘kill off start-up sector’, tech leaders warnTech leaders have warned that proposed merger laws will kill deals before they close, starving the sector of the capital it needs to continue to grow.
Herkunft: FinancialReview - 🏆 2. / 90 Weiterlesen »