Australia risks decimating startup investment if the government pushes ahead with proposed changes to the R&D tax incentive that could leave young companies unable to claim refunds from the get-go.
That’s the warning from tech lobby groups and tax advisers, who have called out the planned 10-year limit on the refundable offset and say it will have an outsized impact on early-stage companies.
The 10-year rule is made even harsher …
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Log in here
Do you know more? Contact James Riley via Email.