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Treasury Secretary Jenny Wilkinson expressed support for the government's proposed tax changes, stating they will enhance productivity. She highlighted that the reforms will alter financial incentives across various sectors of the economy. Additionally, Wilkinson mentioned that the budget includes measures aimed at supporting research and development and loss carry-back for businesses.
- ▪Treasury Secretary Jenny Wilkinson supports the government's tax changes.
- ▪The reforms are expected to improve productivity across the economy.
- ▪Changes include measures for research and development and loss carry-back.
Opening excerpt (first ~120 words) tap to expand
11.16amTreasury secretary says department supportive of tax changes By Shane WrightTreasury secretary Jenny Wilkinson says the government’s tax changes will encourage people to invest in more productive parts of the economy.Pressed by Nationals’ leader Matt Canavan on the reforms and their impact on productivity, Wilkinson said her department’s view was that they would change financial incentives across the economy.Wilkinson noted that apart from the areas which have attracted most attention, such as capital gains and trusts, the budget also contained reforms in areas such as research and development and loss carry-back that would assist the business sector.Treasury secretary Jenny Wilkinson at Senate estimates today.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.