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flag Australia ranks 21st globally in investment competitiveness, hindered by high taxes and regulation, prompting calls for reform ahead of the May budget.

flag A new global investment competitiveness index ranks Australia 21st out of 42 countries, with low scores in business taxation and regulation—38th and 37th respectively—despite strong performance in trade, rule of law, and energy. flag The Business Council of Australia urges Treasurer Jim Chalmers to implement bold tax reforms and reduce red tape ahead of the May budget to boost productivity and living standards. flag The findings come amid rising global instability, including renewed conflict in the Middle East, which threatens oil supplies and economic stability, heightening the urgency for policy changes to improve Australia’s appeal for high-quality investment.

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