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
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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