ARTICLE
2 August 2018

Reforming the R&D Tax Incentive

SF
Spruson & Ferguson

Contributor

Established in 1887, Spruson & Ferguson is a leading intellectual property (IP) service provider in the Asia-Pacific region, with offices in Australia, China, Indonesia, Malaysia, Philippines, Singapore, and Thailand. They offer high-quality services to clients and are part of the IPH Limited group, which includes various professional service firms operating under different brands in multiple jurisdictions. Spruson & Ferguson is an incorporated entity owned by IPH Limited, with a strong presence in the industry.
These proposed changes will impact on how Australia capitalises on its innovation strategy and competitive position.
Australia Intellectual Property

The government's proposed changes to the R&D Tax Incentive will have a significant impact on how our country capitalises on its innovation strategy and competitive position, compared to peers in the global innovation ecosystem. The core services and expertise of the group revolve around R&D, IP and innovation. We are acutely aware that government innovation policy in general, and innovation incentives in particular, have a direct impact on investment in R&D in Australia, and the successful commercialisation of the resultant innovations. This in turn directly affects not only the strength of our domestic economy, but also our competitive position, regionally and globally. Attached is the submission to Treasury on their consultation paper around the proposed changes.

Submission on Consultation Paper: Reforming the R&D Tax Incentive

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