Australia Exploring Tax Changes to Drive Green Tech Production

Australia may look at an overhaul of its tax system in a plan to stimulate green manufacturing industries, Treasurer Jim Chalmers said.

“We are prepared to consider the tax system as one of a whole range of levers that may be useful as we pursue a ‘Future Made in Australia’ and make ourselves that indispensable part of the global net zero economy,” he told ABC’s TV program Insiders on Sunday. The “tax system will play a part, investment will play a part” to incentivize private investment in Australia, he said.