What is the 'Patent Box' regime and should Australia implement it?
17 October 2015
Other countries are benefiting from Patent Box regimes that offer significant tax concessions to encourage organisations to implement IP in that country.
These countries experience a short-term fall in revenue on introduction of the regime, but the long-term benefits are clear.
Australia is well placed to introduce such a regime. Without such a policy, it may be difficult to redress the current imbalance between the inputs to and outputs from innovation.
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