Tax incentive for Australian research and development.
The commercial rewards which can flow from the successful exploitation of R & D should encourage investment in biotechnological activities. Furthermore, the dynamic nature of biotechnology world-wide requires companies in the industry to constantly strive for significant advances which will provide them with a competitive advantage. In endeavouring to achieve such benefits, a significant cost saving may be available for a project which qualifies for the R & D tax concession. Accordingly, close consideration should be given to its availability and the conditions relevant to its eligibility.
Andrew
M
M
D001315:Australia; D001709:Biotechnology / Q000191:economics*; D005380:Financing, Government; D012106:Research; D013660:Taxes