11 March 2011

Industries square off on R&D tax

MJA's managing director, Kris Gale, was quoted in this week's Australian Financial Review in response to the Australian Information Industry Association's support for the proposed changes to the research and development tax concession. In an article entitled "Industries square off on R&D tax", MJA's Gale says:

"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.