The budget reforms will reduce the corporate tax rate from 30 per cent to 17 per cent on profits from new medical and biotech patents held in Australia.
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Patents for new medical and biotech developments bring tax breaks
Developing new technology could bring tax breaks for Australian companies Source: Getty
The budget reforms will reduce the corporate tax rate from 30 per cent to 17 per cent on profits from new medical and biotech patents held in Australia.
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By Claire Slattery, Abby Dinham
Source: SBS
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