The main point of this story in the AFR is that the Productivity Commission is recommending some changes to boost productivity, as John Keogh reports:
The Productivity Commission will recommend the federal government offer a more generous immediate tax deduction for new investment by companies as a way of boosting non-mining business spending, which has declined over the past 15 years.
To incentivise new business investment, the commission will this week advise Treasurer Jim Chalmers to move towards a corporate cash flow tax model, enabling companies to receive a larger upfront tax deduction for capital outlays, sources familiar with the commission’s thinking and who were not authorised to speak publicly told The Australian Financial Review
But it should also be noted that there is a lot of American style ‘sources who were not authorised to speak publicly’ creeping into Australian mastheads. It started with the ape-ing of the NYT style of ‘this masthead spoke to XX in the left faction and XX in the right faction’ or ‘after speaking to XX number of MPS’ which is something the NYT does to show how connected it is and some reporters in Australia have decided to start using in their own reporting.
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