New R&D Tax Incentives deliver value to innovators
November 2011
The new Research and Development Tax Incentive involves changes to the tax credits for R&D activities. The scope of R&D activities has been increased and a wide range of changes is set to encourage a new working partnership between biotechs and research companies. The life sciences sector is positioned to be a big winner from these reforms, both in terms of start-ups and Australian-based subsidiaries of multinational corporations.
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