It now seems unlikely that the Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015 will be debated in the Senate prior to Parliament’s winter break. The Bill does not appear on today’s order...
MJA Updates
Policy
Bill Introduced to Cut R&D Tax Incentive Benefits
The Federal Government has introduced Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015 which legislates cuts in the R&D Tax Incentive Offset rates of 1.5%, applying to income tax...
“Have A Go” Budget Somewhat Coy About Innovation
The Treasurer has entreated all Australians to get behind his “Have A Go” Federal Budget but there wasn’t much by way of news in the area of innovation support. It could be concluded that the Federal...
Proposed 1.5% R&D Tax Offset Rate Cut Defeated In The Senate
Last night the senate voted on the Tax & Superannuation Laws (2014 Measures No. 5) Bill 2014 which included a proposal to introduce an across-the-board cut of 1.5% to the R&D Tax Offset Rates of 40%...
Senate Hearing Just Completed
The Public Hearing into the Tax Laws Amendment (Research and Development) Bill 2013 by the Senate Economics Legislation Committee was held in Canberra earlier this afternoon. The Committee consisted of...
R&D Tax Incentive: The Debate Around The Merits Of The $100 Million Cap
The recent introduction of the $100 million R&D expenditure cap on R&D Tax Incentive (Incentive) claims as a result of the PUP Amendment to the The Tax Laws Amendment (Research and Development) Bill...
Getting your first “cap”. The R&D Tax Incentive: The $100 million expenditure cap and what it means.
With the 2015 Cricket World Cup underway, several players are enjoying the fact that they have received their first World Cup “cap”. It’s a time for personal and national pride and for celebration by family...
R&D Tax Incentive – What’s In This Year’s Easter Basket?
After this morning's excitement in Canberra, it is probably fair to assume it will be back to business as usual. And on the first day of the Senate, our old friend, the Tax Laws Amendment (Research and...
Targeting Access Bill Passed in Senate
Late yesterday the Senate passed the Tax Laws Amendment (Research and Development) Bill 2013, with a PUP amendment giving effect to a reduced tax offset for expenditure in excess of $100 million, to be...
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