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Matthew Addison to replace Mark McKenzie as COSBOA chair

Business push for cloud computing to be tax deductible

Business push for cloud computing to be tax deductible May 3, 2021 – 6.21pm Save Share Westpac chief executive Peter King’s push into cloud computing is setting up a debate over what government should allow businesses to depreciate in order to move faster into the digital economy. “Cloud has a massive role to play in the future,” Mr King said. Westpac CEO Peter King says cloud computing is essential.   Dominic Lorrimer Capital investment in software, which is considered an intangible asset that can be depreciated, rose to $4.6 billion in the December quarter, up for the third quarter in a row according to the Australian Bureau of Statistics.

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