{"id":13660,"date":"2024-05-30T08:00:07","date_gmt":"2024-05-30T05:00:07","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=13660"},"modified":"2024-05-30T08:00:07","modified_gmt":"2024-05-30T05:00:07","slug":"ed-husics-corporate-tax-cut-call-is-dangerous-policy","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=13660","title":{"rendered":"Ed Husic\u2019s corporate tax cut call is dangerous policy"},"content":{"rendered":"<p><!--[-->Labor\u2019s Industry Minister, Ed Husic, told The Australian Financial Review AI Summit that Australia needed lower company taxes to help businesses free up capital and drive investment in AI technologies.Husic believes Labor <em>\u201cneeds to consider how we do that, either through corporate tax reform or the way we provide investment allowances for the uptick in manufacturing capital\u201d<\/em>.With Australia\u2019s capital stock having shrunk by $190 million over the past decade, and the average age of capital rising from 11 to 13 years over the same period, the <em>\u201cslowing down of the pace at which industries are replacing ageing assets and embracing new technology\u201d<\/em> has also contributed to Australia\u2019s past two decades of lagging productivity growth.<!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;--><!--&gt;]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Labor&#8217;s Industry Minister, Ed Husic, believes that Australia needs lower company taxes to help businesses free up capital and drive investment in AI technologies. Australia&#8217;s capital stock has shrunk by 0 million over the past decade, and the average age of capital has risen from 11 to 13 years, contributing to the slowing down of industries replacing ageing assets and embracing new technology.<\/p>\n","protected":false},"author":6,"featured_media":13661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[862,842,11201,328,11354,4498,7192,11446,10920,3767,1991,2753,11683,4484,11684,11682,4833,5957,10273,1065,9076,3912,1183,1682],"class_list":["post-13660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-age","tag-ai","tag-assets","tag-australia","tag-businesses","tag-corporate-tax","tag-corporate-tax-cut","tag-corporate-tax-reform","tag-free","tag-growth","tag-industry","tag-investment","tag-investment-in-ai-technologies","tag-labor","tag-lagging-productivity-growth","tag-lower-company-taxes","tag-policy","tag-productivity","tag-stock","tag-tax","tag-tax-cut","tag-tax-reform","tag-taxes","tag-technology"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- 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