Published on 19 May 11
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper covers:
- what is industrial R&D?
- what benefit do we get from encouraging industrial R&D?
- it is all that bad?
- the positive aspects of the Bill
- the government's rationale for the changes to R&D definitions has not been established
- revenue neutrality or revenue saving?
Ian Ross-Gowan is a Director with Michael Johnson Associates, Australia's largest independent advisor on R&D programs. Prior to commencing with MJA in 2008, Ian was the Group Taxation Manager of OneSteel. He has been working in R&D from a tax perspective since 1993 including the R&D Tax Concession, R&D Tax Incentive and the 1990s investment allowance. Ian is the major author of the R&D sections of CCH tax guides and writes R&D articles for The Tax Institute's Taxation in Australia journal and is a candidate for a PhD in taxation law with the University of NSW undertaking research into the taxation and accounting treatment of long-term complex production assets.
- Current at
29 June 2012