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Ford Invests $450 Million Into Research And Development
February 21st, 2017In October 2016, Ford Australia permanently ended local manufacturing in Australia which consequently terminated the employment of 580 workers. Ford had been manufacturing locally for 91 years prior to this decision. In 2017, following from this decision, Ford transformed what was previously the Australian head office into the Asia Pacific Product and Development Centre. This newly created facility is the central hub for research and development, driving the innovation of products and mobility solutions, and producing state-of-the-art virtual design and […]
R&D Revolutionising Australian Wine Industry
February 7th, 2017Australia is home to some of the most prestige grapevines, with the Australian Shiraz being one of the oldest in the world. It holds unquestionable value and relevance to the success of Australia’s wine industry. In recognition of the significance which the Australian wine industry holds, a six year R&D invests worth $5.3 Million has been announced by Wine Australia. The announced R&D initiatives intends to utilise the country’s unique and natural resources, with hope to uncover further understanding of Australia’s […]
The Tax Institute 2017 Property and Construction Seminar
January 30th, 2017Swanson Reed invites you to attend The Tax Institute’s 2017 Property and Construction seminar. Damian Smyth, Principal, and Gloria Lim, Senior Manager, will be presenting an informative session discussing R&D tax incentive issues relevant to the construction industry. About the event The Tax Institute 2017 Property & Construction intensive is the essential professional development seminar for in-house finance and tax resources and tax practitioners that have exposure to the property and construction industries. Now extended to two full days of sessions, this popular […]
Future OECD Countries R&D Spending
December 12th, 2016At a time when aging populations and the environmental challenges of climate change are in need of innovative solutions the decline in public-backed science and technology research is a concern. Data from the Organisation for Economic Co-operation and Development (OECD) shows the first fall of R&D spending in government and higher education in 2014 since the organisations conception in 1981. The OECD Science, Technology and Innovation Outlook Report showed increased R&D spending from 2000 […]
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News & Research
News & Research
News & ResearchCochlear Comments on Australian R&D Tax and Innovation Policy
A recent article in The Australian has outlined comments from Dig Howitt, CEO of Cochlear, who believes Australia is at a crossroads when it comes to commercialising new innovative products. Howitt noted the country’s current tax regime hinders research and development […]
ATO Release First R&D Tax Incentive Transparency Reporting Data
As now required by law, The Australian Taxation Office (ATO) has released its first annual Research and Development (R&D) tax transparency report on entities claiming the R&D tax offset. The information the ATO published includes: name of the R&D entity […]
