R&D Tax Policy hits a new low

Our colleague at Glasshouse Advisory, Tracey Murray, Director – Innovation Incentives and IP Economics has provided comment regarding the proposed changes to the R&D Tax program to benefit foreign multinationals over Australian based multinational.

When Treasurer Scott Morrison announced his intention to overhaul the current R&D Tax Incentive program in the recent Federal Budget, he cited a need to restore integrity to the current program and to reward those companies that invest heavily in R&D activities. Given the scant detail within the budget papers as to how this objective was going to be achieved, it was initially difficult to assess its impact on a company’s R&D program, despite the Treasurer indicating the changes to the program will come into effect from 1 July 2018. To read the full article , click here.