How COVID left Coke rockinâ the suburbs The new head of the conglomerate behind Coca Cola in Australia says itâs noticed a very distinctive, COVID-driven pattern in its sales.
Business by ELI GREENBLAT
Premium Content
Subscriber only The ripples from COVID-19 lapping against consumer behaviour in communities and workplaces in Australia has produced a strange phenomenon for beverage giant Coca-Cola, in that for every 5km you move from the nation s CBDs its sales of drinks improves. Get more than 30km from the centre of town and it s booming. With many still working from home, the old office water cooler has been deserted to cause a prolonged slump in water sales.
How COVID left Coke rockinâ the suburbs The new head of the conglomerate behind Coca Cola in Australia says itâs noticed a very distinctive, COVID-driven pattern in its sales.
Business by ELI GREENBLAT
Premium Content
Subscriber only The ripples from COVID-19 lapping against consumer behaviour in communities and workplaces in Australia has produced a strange phenomenon for beverage giant Coca-Cola, in that for every 5km you move from the nation s CBDs its sales of drinks improves. Get more than 30km from the centre of town and it s booming. With many still working from home, the old office water cooler has been deserted to cause a prolonged slump in water sales.
How COVID left Coke rockinâ the suburbs The new head of the conglomerate behind Coca Cola in Australia says itâs noticed a very distinctive, COVID-driven pattern in its sales.
Business by ELI GREENBLAT
Premium Content
Subscriber only The ripples from COVID-19 lapping against consumer behaviour in communities and workplaces in Australia has produced a strange phenomenon for beverage giant Coca-Cola, in that for every 5km you move from the nation s CBDs its sales of drinks improves. Get more than 30km from the centre of town and it s booming. With many still working from home, the old office water cooler has been deserted to cause a prolonged slump in water sales.
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More than 99 per cent of businesses, employing more than 11 million workers, will be allowed to deduct the full cost of eligible capital assets until June 30, 2023, under the one-year extension.
Loss carry-back rules, which allow firms with domestic turnovers capped at $5 billion to write off COVID-19-induced losses against previous profits, will also be extended to include the 2022-23 income year.
Alison Watkins, the former Coca-Cola Amatil group managing director, supported the expansion after last year’s budget.
Louie Douvis
The extensions are worth a combined $20.7 billion by 2024-25, and Treasury estimated the extended measures would help boost GDP and create as many as 60,000 jobs by the end of 2022-23.