Encouraging innovation - the Tax Laws Amendment (Tax Incentives for Innovation) Act 2016

Graw, Stephen (2017) Encouraging innovation - the Tax Laws Amendment (Tax Incentives for Innovation) Act 2016. In: [Presented at the Australasian Tax Teachers Association Conference]. From: Australasian Tax Teachers Association Conference 2017, 18-20 January 2017, Masterton, New Zealand.

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Abstract

The Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 introduced two new tax incentives for 'angel investors' in Early Stage Innovation Companies ('ESICs' - a 20% tax offset and a 'modified CGT treatment' for gains or losses on their investment. Qualifying for the incentives requires action by both the company and the investors and the incentives can be lost if the Act's requirements are not met. The paper examines the incentives and problems with the legislation that linmit the extent to which the Act is likely to achieve its aims.

Item ID: 53227
Item Type: Conference Item (Non-Refereed Research Paper)
Keywords: early stage innovation company; tax incentives; tax offsets; modified CGT treatment; angel investors
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Date Deposited: 31 Oct 2018 03:06
FoR Codes: 18 LAW AND LEGAL STUDIES > 1801 Law > 180125 Taxation Law @ 100%
SEO Codes: 94 LAW, POLITICS AND COMMUNITY SERVICES > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified @ 100%
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