"These new changes hit everybody so while mining and manufacturing projects have now been brought into the more restrictive environment, everyone is equally affected."
"Ultimately you end up with a program that provides the credit where there are losses and removes it if the R&D is successful"
"Companies will end up planning not to get it."To read the article in full go to the Australian Financial Review website.
Further information on the proposed R&D Tax Credit and the ongoing consultation process can be found on the MJA website.