News & Analysis

The Budget’s ‘patent box’ plan is so poorly designed, it’s more likely to help multinationals reduce their tax bill than boost startup innovation

- May 19, 2021 3 MIN READ

On budget night federal Treasurer Josh Frydenberg announced Australia is getting its own “patent box”. What is a patent box? Despite its odd name, it is a relatively straightforward concept. It means lowering the tax rate on all income derived from patents registered in a nation. About half the members of the European Union, Britain… Read more »