Joyce touts infrastructure tax breaks for infrastructure bonds
The Coalition plans to offer tax breaks for infrastructure bonds if it wins government later this year in a bid to attract private investment to inland railways, coal-loading ports and other expensive projects.
Both the Labor government and the Coalition want to harness private finance for projects that are too costly for government.
Opposition regional development spokesman Barnaby Joyce said the Coalition would pay a 10 per cent tax rebate to investors in bonds issued by state and local governments and private infrastructure providers such as toll-road companies.
This article was published on 2 January 2013 on The Australian Financial Review. Read the full article here.