This interim report presents draft recommendations focused on two key policy reform areas: corporate tax reform to spur business investment and regulating to promote business dynamism. Significant changes to corporate tax and regulation can have a substantial beneficial impact on productivity growth in Australia. This interim inquiry report shows how.

Investment in Research and Development (R&D) plays a key role in driving productivity. Concerningly, Australia’s business R&D spending has fallen to half that of peer countries. The report provides real world examples of how large business R&D investment has a positive spillover effect. It proposes six targeted reforms to unlock a number of economic benefits.

Claims that Australia faces a productivity crisis are overblown, this report argues. It presents evidence showing productivity growth in recent decades has not been equally reflected in higher real wages and better living standards. Proactive measures to lift wages and living standards are needed if stronger productivity growth is to support stronger living standards.

This report gives an updated analysis of Australia’s artificial intelligence (AI) ecosystem. It looks at the size, structure and specialisations of the AI workforce, companies and research activities. It provides data driven insights for decision makers in both the public and private sectors to make informed choices about investment opportunities, upskilling pathways and growth potential...

This report contributes to debates over tax reform by examining the system of business taxation in Australia. It identifies five challenges, illustrating that the problems with Australia’s system of business taxes are complex and multifaceted. The report presents five reform steps which would deliver a simpler, lower and more productive system.