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Budget 2020: Addressing the R&D Tax Incentive debacle is the “number one priority” for startups

With the 2020 budget fast approaching, and it comes as no surprise that for Alex McCauley, the most pressing issue is the R&D Tax Incentive.
Stephanie Palmer-Derrien
Stephanie Palmer-Derrien
Budget
StartupAus chief executive Alex McCauley.

The 2020 budget is just around the corner, and it will come as no surprise that, according to StartupAus chief Alex McCauley, the most pressing issue for startups is the R&D Tax Incentive (RDTI).

It’s something we’ve been talking and writing about for what feels like years, and on top of the ongoing uncertainty around the COVID-19 pandemic, uncertainty around amendments to the RDTI is causing confusion and concern.

The federal budget provides an opportunity to either bring some clarity to the picture, or better yet, scrap the changes altogether.

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