Business Lobby Backs Tax Boost to Bolster Productivity

Business Lobby Backs Tax Boost to Bolster Productivity
Business Council of Australia Chief Executive Bran Black at a press conference at Parliament House in Canberra, Feb. 4, 2025. AAP Image/Mick Tsikas
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Greater tax incentives should be handed out to companies to boost investment amid global uncertainty and a downturn in productivity, Australia’s business lobby has urged.

In its submission to the federal government ahead of the federal budget, the Business Council of Australia (BCA) has called for a investment allowance of 20 percent to all companies.