Accelerated depreciation headlines Govt’s plan to boost growth
What’s in it for business? The 2025 Budget has set aside $1.7b in new spending to cover the cost of the tax deduction for businesses.
The Finance Minister wants to encourage firms to make more growth-enhancing investments.
The Government has unveiled a tax deduction to encourage businesses to invest in new machinery, equipment and technology.
The policy is at the core of its "Growth Budget".
Titled “Investment Boost”, the tax incentive will allow a business to immediately deduct 20% of the cost of a new asset, on
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