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This infographic looks at the highest tax rates around the world and Australia’s current tax bands for residents and foreigners living in Australia.
While it seems like an eternity since it was first announced, the new R&D Tax Credit has finally been passed. So what does that mean for the average company plugging away at research and development? The R&D Tax Credit is the key support tool used by the government to assist businesses undertaking R&D in Australia. The new program will apply retrospectively from 1 July 2011 and replaces the R&D Tax Concession.