Businesses groups warn tax change would stifle innovation and force companies to move operations offshore

An inquiry has recommended the government shelve plans to restrict access to lucrative research and development tax incentives over concerns it could stifle innovation and force companies offshore.

The Coalition proposed clamping down on its R&D tax incentive in last year’s budget, proposing a suite of measures to save $2.4bn.

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Read More Government should delay plan to restrict R&D incentives, inquiry finds

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