Business groups call on parliament to ‘reject’ CGT changes as inquiry kicks off

Business groups have united to call on the government to dump its changes to capital gains tax, arguing it will “discourage investment”, as the first tranche of tax reforms undergoes a parliamentary inquiry. The government has faced fierce backlash, particularly among business, for its recent budget measures which include replacing the 50 per cent capital…

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AI company Firmus to become Tasmania’s biggest power user if three planned sites come to fruition

An artificial intelligence (AI) company will become Tasmania’s biggest power user if its ambitions to establish three “AI factories” in the state come to fruition. Singapore-based Firmus Technologies is building an AI factory in the Launceston suburb of St Leonards, which is expected to be operational early next year. Firmus has said the factory will…

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