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 OZschwitz ANZ Bank boss Mike Smith urges tax breaks for regions hit with job losses

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OZschwitz ANZ Bank boss Mike Smith urges tax breaks for regions hit with job losses Vide
PostSubject: OZschwitz ANZ Bank boss Mike Smith urges tax breaks for regions hit with job losses   OZschwitz ANZ Bank boss Mike Smith urges tax breaks for regions hit with job losses Icon_minitimeTue Feb 11, 2014 5:34 pm
ANZ chief Mike Smith has urged governments to provide tax breaks to businesses setting up in regions hit by the exodus of car manufacturers, amid fears the loss of tens of thousands of jobs in Victoria and South Australia would push the states into recession.

OZschwitz ANZ Bank boss Mike Smith urges tax breaks for regions hit with job losses Art-353-mike-smith-300x0

The chief executive of Australia's third-largest bank said tax and other incentives for new businesses were a proven way of tackling the social and economic impact the closure of the auto industry would have on some towns.

''If you were starting up a business at the moment in Australia, I think those businesses should be encouraged to look at those areas where there is likely to be a labour supply,'' Mr Smith said.

Read more: http://www.smh.com.au/business/banking-and-finance/anz-bank-boss-mike-smith-urges-tax-breaks-for-regions-20140211-32g0g.html#ixzz2t3VYiipg
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OZschwitz ANZ Bank boss Mike Smith urges tax breaks for regions hit with job losses PgkowJT
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