More big firms to get capex break

Original article by Tom McIlroy
The Australian Financial Review – Page: 1 & 11 : 23-Nov-20

Treasurer Josh Frydenberg is to expand the federal government’s business expense tax break so that more large companies can access it, with legislation to enact the changes to be introduced. Large companies that will now be able to access the scheme will include Coca-Cola Amatil and Boral, while large companies that will remain excluded include Wesfarmers, BHP, Telstra and Rio Tinto. Frydenberg says around 50 companies employing over 150,000 people are expected to benefit from the scheme’s expansion

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, BORAL LIMITED – ASX BLD, WESFARMERS LIMITED – ASX WES, BHP GROUP LIMITED – ASX BHP, TELSTRA CORPORATION LIMITED – ASX TLS, RIO TINTO LIMITED – ASX RIO, AGL ENERGY LIMITED – ASX AGL, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG

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