A costly rewrite of R&D (opens in new tab)

Proposed changes to Australia’s R&D tax system would expand eligibility beyond genuine research, concentrate benefits among a narrow group of firms, and proceed without clear costings. The centrepiece proposals in the Strategic Examination of Research and Development (SERD) report, Ambitious Australia, would redefine what counts as Research and Development (R&D), leave the fiscal cost unexamined, […]