Millions of dollars have been rorted from a federal government scheme introduced to encourage Australian companies to invest in research and development, including claims from bankrupts, a property spruiker and a disgraced businessman.
The Research and Development (R&D) Tax Incentive program is the government’s largest industry innovation package, providing about $3 billion in tax offsets to businesses each year. But serious concerns have been raised about compliance and enforcement.
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Read the full article at: http://www.theage.com.au/national/investigations/millions-rorted-from-government-rd-scheme-20170703-gx3b79.html
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