A FEDERAL government plan to cut $1 billion from research and development tax incentives to big business to pay for measures to boost smaller companies has raised concerns it could be counterproductive.
Prime Minister Julia Gillard unveiled the government’s plan for Australian jobs in its industry and innovation statement on Sunday.
The three-part proposal involves legislating to make sure major projects give local suppliers a fair go, setting up innovation precincts and helping small and medium-sized businesses to grow.
Ms Gillard says the billion-dollar plan will lead to a more prosperous future and more jobs.
“It’s about making sure that we win more of the work available here in Australia,” she told reporters in Melbourne on Sunday.
“It’s about supporting our businesses so they can seize more of the work in our region of the world – more exports, more opportunities and consequently more jobs.”
Chosen excerpts by Job Market Monitor from
via Labor jobs plan welcomed but R&D cut hurts | The Australian.
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