Xenith IP Group has responded to an inquiry currently underway by the Australian Senate Economics Legislation Committee, which is considering changes to the Federal Government's R&D tax incentive regime. These changes are contained in the Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018. The Xenith response reflects the concerns of many of our clients about the potential impact of the provisions contained in this Bill, on future investment in research and development in Australia.
Submissions to this inquiry are published under the following link:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.