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The biggest businesses trading in Australia will lose some tax benefits to fund the government’s $1 billion jobs plan, Prime Minister Julia Gillard has revealed.
Ms Gillard on Sunday unveiled the government’s pitch to blue-collar workers, A Plan for Australian Jobs, designed to ensure local suppliers get a fair crack at contracts for large-scale projects.
‘‘We have identified a saving which means bigger businesses currently benefiting from a special research and development tax advantage will be foregoing that tax advantage in order to fund the rest of this package,’’ the prime minister told reporters in Melbourne.
New laws to give Australian suppliers preference
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