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CSL urges cuts to advanced manufacturing tax rate
August 4th, 2015Australian biotech company CSL is calling for a lower advanced manufacturing tax rate. Last year the company decided to build a $500 million plant in Switzerland over Australia due to factors such as proximity to market, availability of staff, market experience and, specifically, a lower corporate tax rate within the country. CSL’s chief financial officer, Gordon Naylor, acknowledges tax is not the only deterrent to doing more in Australia, he says it’s a central element. That’s why CSL is pushing […]
GHP 104 160 689 Pty Ltd v FCT [2014] AATA 515
April 13th, 2015Summary of 104 160 689 matter Taxation Ruling – TR2013/3 Click Here Taxation Ruling: TR 2013/3A1 – Addendum Click Here GHP 104 160 689 Pty Ltd v. Commissioner of Taxation Click Here The ATO has issued a Decision Impact Statement in relation to the recent decision handed down in the AAT, GHP 104 160 689 Pty Ltd and FCT [2014] AATA 515; 2014 ATC 10-373 The case concerned whether certain expenditure was to be disallowed deductibility at the rate of […]
Innovation is the key to survival for Australian Manufacturers
March 17th, 2015A recent manufacturing showcase in Dandenong, Melbourne, hosted by the Industry Capability Network and the Victorian Department of State Development, Business and Innovation brought together more than 550 representatives from various manufacturing sectors to discuss future changes and opportunities in the manufacturing industry. The event provided a valuable forum that focused on how manufacturing businesses are evolving through innovation in areas such as product design, R&D, information and communications technology and leadership. There was a strong focus on the importance […]
WA Manufacturing Lobby Seeks Reform
January 16th, 2015Western Australia’s manufacturing sector could be shaken up as the state’s peak business lobby looks into boosting the international competitiveness through significant reforms. Some of the proposed changes include slashing the company tax rate to 25%, increasing R&D incentives and privatising electricity assets. Further, the Chamber of Commerce and Industry of Western Australia (CCIWA) is releasing a key report on Thursday, titled The Future of Manufacturing, following the decade of significant expansion in WA that benefitted manufacturers. The report entails […]
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News & Research
News & Research
News & ResearchOpposition Policy on R&D Tax Incentive
With a federal election due over the coming months, the opposition labor party have made some announcements with respect to their policy on the R&D Tax incentive. The original R&D tax incentive legislation was enacted whilst the labor was in […]
AusIndustry R&D Tax Incentive Updates For 2019
Conducting R&D activities generates new knowledge that can benefit the nation’s economy. In a recent AusIndustry information bulletin, it was mentioned that one of the main aims of the R&D Tax Incentive is to encourage Australian businesses to undertake research […]
