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MJA Updates

Cuts to R&D Tax Incentive Appear To Be Dropped

April 21, 2016 Kris Gale

When Malcolm Turnbull requested the Governor General to prorogue Parliament to deal with a hostile Senate, he (most likely unintentionally) caused the Bill to cut the rate of the R&D Tax Incentive by 1.5% to lapse on Sunday night. The Bill, which had proposed a rate cut to apply retrospectively for all claims from 1 July 2014, has been up for…

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MJA updates keep you informed on how government decisions will effect your business. This is a must if you want to know the latest on business and company insights without having to read and decipher complicated law and tax manuscripts.

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