Australia Ranks 21st in Global Investment Attractiveness

0:00It's March 2nd. Here's your Sydney news in two minutes. A new report from the Business Council of Australia ranks the country 21st out of 42 nations for attracting global investment. The index highlights Australia sitting in the middle of the pack overall, though it shines second for openness to trade. It scores near the bottom on regulatory burdens and business taxes, slipping from 17th place back in 2019. The council points to countries like Ireland, Sweden, and the United States pulling ahead with simpler rules and lower rates. Business leaders say foreign cash fuels jobs and growth, urging a 25% cut in compliance costs by 2030 that is around 1. $160 billion a year now, chief executive brand black warns Australia must outpace rivals or risk falling further behind. Meanwhile, unions push back hard, calling for higher taxes on big firms, plus cuts to capital gains discounts and new levies on gas exports.

1:00Other business groups want the corporate rate dropped to 25% across the board. The government has made moves like speeding up approvals and axing minor tariffs with no word yet on tax changes. Officials say productivity reforms are key, but debates heat up ahead of budget talks. This episode is proudly sponsored by our partner, Relax deeper, reset faster, come for you can hear S-O-L-I-SoliPillow.com