Australian Manufacturing Workers' Union

 

JOIN US

Submission: Research and development tax credits

Senate Inquiry into the Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019


The Australian Manufacturing Workers’ Union (AMWU) represents over 70,000 workers who create, make and maintain in every city and region across Australia. The workers we represent are employed by companies that engaged in Research and Development (R&D) to improve their products and services so that they can improve productivity, grow their market and export Australian-made goods to the rest of the world.

Reduction in support for R&D sends the wrong message

The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (the Bill) will discourage investment in R&D in Australia, leading to some companies shifting these highly skilled, highly paid positions overseas, or abandoning them entirely. This will lead to lower productivity growth, a less a competitive Australian manufacturing industry, less investment in new and upgraded capital and, in the long run, fewer jobs and poorer wages for Australian workers.

To read the full submission click here.

Share on

News

Aug 13, 2020

Union disappointed in High Court sick leave decision

The Australian Manufacturing Workers’ Union (AMWU) is disappointed by today’s High Court decision in the...


Jul 30, 2020

Union condemns Ovato agreement termination

The Australian Manufacturing Workers’ Union (AMWU) has condemned print and packaging company Ovato for their...


Jul 14, 2020

UNION CALLS FOR GOVERNMENT TO CREATE SA JOBS BY BUILDING NEW FIRE TRUCKS HERE

The union representing vehicle builders, the Australian Manufacturing Workers’ Union (AMWU), is calling on the...