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Minister's Reply to Submission on R & D Concessions

Published on 25 Jul 01 by THE TAX INSTITUTE

Thank you for your letter of 30 April 2001 concerning the changes to the R&D Tax Concession announced in the Government's Innovation Statement, Backing Australia's Ability. As you know, the Government announced a major change to the 175% Premium R&D Tax Concession on 24 May 2001, moving from R&D intensity as the basis for the Premium, to the level of R&D expenditure.

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