Published on 01 Nov 08
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The R&D Tax Concession is the Government’s major arm to reward business investment in R&D. Time has proven that fundamental changes and improvements to the program are required. As a result of the recent review of national innovation policy a number of recommendations have been made in this regard. In sum the recommendations seek to change the fundamental underlying operation of the concession, at the same time looking to focus the incentive in certain sectors. But what is the upshot of the review, does it go far enough, and if the recommendations are adopted how will it impact on businesses undertaking R&D?
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Manager, Deloitte Touche Tohmatsu
Current at November 2008