Greens to Amend R&D Bill
The Australian Greens will move amendments in the Senate to strike out Government plans to cut R&D incentives for large companies and instead put in place quarterly payments for small and medium size businesses eligible for a R&D tax incentive refund.
The Tax Laws Amendment (Research and Development) Bill 2013 is currently before the Senate and crossbench Senators will determine its passage.
“Tony Abbott is an economic wrecking ball and these cuts to research and development incentives prove it,” said Adam Bandt MP, Greens Research spokesperson.