Tuesday, May 12, 2009

Research and Development Tax Credit

It's Budget night here in Australia.

Bill English might like to pay some attention to one of Wayne Swan's wackier new ideas: it's something called a Research and Development Tax Credit.

Wait! Perhaps someone in New Zealand has already thought of such a scheme?

(The eagle-eyed will want to look at the detail of the Australian proposal. Will it encourage new research? Or will businesses be able to use it to offset the costs of existing activities?)

No comments: