MJA National Innovation System Review Submission
As you are aware, MJA has prepared a submission to the National Innovation System Review. We have, by necessity of space and expertise, focussed on the R&D tax concession and have mentioned briefly the Commercial Ready grants program.
Download Our Executive Summary
We are delighted to make a copy of the Executive Summary of our submission available for download ahead of its release on the Review’s website.
You can obtain your copy by clicking here and confirming your details.
You might also like to review some of the recent posts at our blog, Innovation Is Industry Policy.
What level of after tax benefit would influence the project decision making process in your company?
One of the points in our submissions, and an area for the specialist R&D tax and tax working group to consider is the rate of benefit from the tax concession (the permanent cash difference it creates).
There is an argument that the amount of the benefit should exceed the cost of capital in the organisation and represent a certain benefit over the life of the project to have a positive influence and end up in capital and other planning processes.
At the moment the rate for the basic concession sits at 7.5%. We are running a survey on the rate that would make a difference in your organisation.
You can have your say by clicking here.
