Govt dangles $12 mln R and D tax concessions

Tue, 23 Jul 2013

July 23 (BusinessDesk) – Loss-making start-up companies with heavy research and development expenditure will be eligible for a tax-free loan of up to $500,000 annually under proposals outlined in a discussion paper released today. The tax rules, as they stand, are seen to discourage R&D-intensive start-up firms because they have more difficulty than most accessing bank lending, can often expect to make losses for longer than other types of businesses in their start-up phase, and are therefore less likely to succeed. That’s because losses in...

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