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CSPC | Canadian Science Policy Centre

In Shift, Australia Would End R&D Tax Breaks for Big Firms to Fund New Innovation Networks

Février 26, 2013
News Source: 

The Australian government is proposing to spend AUD $500 million over 4 years to establish and support up to 10 "Industry Innovation Precincts" that will create collaborations between academic, government, and industry researchers to commercialize promising discoveries. At the same time, however, the government wants to cut AUD $1billion from research and development tax breaks for large firms, a move that could hit up to 20 of the nation's biggest companies.