R&D Tax benefits reloaded – Investment in the future

As outlined by Alex Demetriou, Kristina Kipper, Ramanie Naidoo and David Gelb, the Federal Budget confirmed strong support for Australia’s research and development tax incentive to foster innovation spending.

The 2020-21 Federal Budget acknowledged that investment in research and development (R&D) is an important lever to help stimulate the economy.Prior to the budget, proposed amendments to the Research and Development Tax Incentive would have reduced the support provided by the program by $1.8 billion over four years.Industry had been lobbying for many years to prevent the government from making these changes on the basis that it was going to put a handbrake on R&D investment in Australi...

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Authors: Alex Demetriou, Kristina Kipper,

Published Date: 28 October 2020