Industry welcomes $1.2bn rail boost
Unlike the emissions White Paper, there were very few brickbats in response to prime minister Kevin Rudd's $1.2bn pledge last week for the upgrade of rail infrastructure in NSW and Victoria and roads in all six states.
One aspect that gained bouquets but less attention was a tax-deductible 10% temporary investment allowance.
The allowance would be applicable to most new tangible depreciating assets which included most items of plant and equipment over $10,000 which were acquired or...
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