Home – New Forums Tech talk Draft R&D Tax Legislation released – not good news

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    John Debrincat
    • Total posts: 963

    The draft R&D Tax legislation has been released by Treasury – http://www.treasury.gov.au/contentitem.asp?NavId=037&ContentID=1702. It is worse than I thought it could have been. We really need to communicate this and make sure that other companies and organisation are aware of the issues.

    There are many areas which are just absurd but how this supports the NBN and making Australia an innovative country is beyond me. It smacks of a Treasury that does not understand ICT sector and is trying to save a few dollars even though we were told this was to be cost neutral and that the budget for R&D would not change.

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