BOSTON and SAN FRANCISCO--(BUSINESS WIRE)--Changes to research and development (R&D) tax concessions just announced by Australian Prime Minister John Howard and Industry Minister Ian Macfarlane will boost investment in Australian innovation by A$1 billion and confirm Australia's status as a world leading investment location.
The change to extend the beneficial ownership test for the 175% R&D Tax Concession will allow claims for R&D projects undertaken in Australia, regardless of where global biotech and pharma firms hold their intellectual property,
