1% business levy could fund universities: Shorten - Campus Review

1% business levy could fund universities: Shorten - Campus Review

University of Canberra vice-chancellor Bill Shorten has proposed a new income strategy for universities through a one per cent levy on big business profit. The levy on businesses and corporations – which benefit from a highly skilled well-educated workforce, Mr Shorten said, could raise $5.2bn a year to pay for the future of the higher education sector. Unlike the one proposed in the Universities Accord, the fund would not contribute to national…