Aid to Carmakers Should End in 2020, Australian Commission Says
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Government subsidies to Australia’s car manufacturing industry, including payments to Toyota Motor Corp., should end in 2020, according to the nation’s Productivity Commission.
“The arguments supporting public subsidies for automotive manufacturing are weak,” the government agency said today in a report on its website. “Governments could better assist firms by undertaking broad-based economic and regulatory reforms and removing impediments to greater workplace flexibility.”