The press is reporting that Kevin Rudd has said he will cut corporate taxes in the Northern Territory by a third and expand the Ord River Irrigation Scheme to open up 14,000 hectares of land for agriculture.
“My personal objective for the Territory is it would be great to have a company tax rate here one-third lower than that of rest of the country…This would unleash an enormous amount of agricultural land for the future and, economists tell us, $150 million worth of agricultural production…This is about investing in a huge new project for Australia, the future of agribusiness.”
Or it’s about stealing one of the few Coalition policies we have some detail on in Tony Abbott’s “2030 Vision for Developing Northern Australia“.
The Great Convergence continues.
