Western Australia’s manufacturing sector could be shaken up as the state’s peak business lobby looks into boosting the international competitiveness through significant reforms. Some of the proposed changes include slashing the company tax rate to 25%, increasing R&D incentives and privatising electricity assets. Further, the Chamber of Commerce and Industry of Western Australia (CCIWA) is releasing a key report on Thursday, titled The Future of Manufacturing, following the decade of significant expansion in WA that benefitted manufacturers. The report entails […]
After a tough trot, Australian manufacturers can breathe a sigh of relief after the Australian Government revealed applications are now open for the Manufacturing Transition Program. The program will provide manufacturers with a $50 million boost to become more competitive and sustainable. Available to any manufacturer spending over $4 million on capital expenditure / expansion activities, the program focuses on businesses looking to transition or expand their operations to higher value-added or more knowledge intensive manufacturing. A great help to […]
Tax breaks enjoyed by property investors should be diverted to support innovative, job-creating companies instead, according to tech entrepreneurs. A lower tax rate on start-up income, a zero capital gains tax and a way for investors to use losses would boost the start-up industry and create jobs in a tumultuous market. Freelancer.com Chief Executive, Matt Barrie says it was the tech industry who created the world’s youngest billionaire – Mark Zuckerberg. “I cannot think of any other industry other than […]
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