Australian businesses would prefer tax cuts and lower interest rates to stimulus incentives, a new survey has found.
According to the Atradius Economic Crisis Survey, 59 percent of Australian businesses surveyed believe the Federal Government’s stimulus incentives made no difference to their businesses, with the majority believing that tax cuts (77 percent) and lower interest rates (54 percent) would be a better option.
David Huey, managing director of Atradius, Australia and New Zealand said that businesses are looking for long-term improvements, and the stimulus only had a short-term impact.
“While the stimulus package provided the economy with an immediate cash injection and one off tax breaks, time will tell if the incentives will have long-term lasting benefits on a company’s cash flow,” he said.
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