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THE IMPACT OF THE 150 PER CENT TAX CONCESSION FOR INDUSTRIAL RESEARCH AND DEVELOPMENT IN AUSTRALIA — A PRELIMINARY ASSESSMENT
Larry Dwyer.
Original Articles
The paper has two main objectives. First, it provides the background and rationale for Australia’s introduction of the 150 per cent tax concession for IR&D in order to appreciate some of the problems of its implementation. Secondly, it assesses the effectiveness of the concession in promoting IR&D. The latter requires estimation of the impact of the concession on the user cost of IR&D and the responsiveness of the demand for IR&D to changes in its user cost.
