Their call for a $10 billion-a-year tax deduction to spur new investment is part of a wider blueprint that would also bring forward income tax cuts, spend more on skills and create a "net zero" economy with lower carbon emissions by 2050.
"We don't need just an investment hit for one year – we need a sustained lift in investment across the nation," said Mr Reed, the former chief executive of services company MYOB. The allowance would work as an additional tax deduction for new investment and would reduce the final cost of buying new machinery, equipment or intangible assets.
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