ARTICLE
17 November 2018

Xenith IP Group responds to Australian Senate Committee inquiry on future investment in research and development

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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.
This is a submission to the Senate Committee which is considering changes to the Government's R&D tax incentive regime.
Australia Tax

Xenith IP Group has responded to an inquiry currently underway by the Australian Senate Economics Legislation Committee, which is considering changes to the Federal Government's R&D tax incentive regime. These changes are contained in the Treasury Laws Amendment (Making Sure Multinationals Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018. The Xenith response reflects the concerns of many of our clients about the potential impact of the provisions contained in this Bill, on future investment in research and development in Australia.

Submissions to this inquiry are published under the following link:

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/TLABMultinationalsTax/Submissions

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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