Note to Malcolm Turnbull: Australian patent box regime could trigger 'race to the bottom', economic pain

By Nassim Khadem
Updated November 10 2015 - 12:13pm, first published 11:31am
Patent boxes have been put forward as a tax break that would help encourage the research and development needed as part of Prime Minister Malcolm Turnbull's innovation agenda.  Photo: Andrew Meares
Patent boxes have been put forward as a tax break that would help encourage the research and development needed as part of Prime Minister Malcolm Turnbull's innovation agenda. Photo: Andrew Meares

The adoption of a patent box in Australia could push neighbouring countries such as New-Zealand and Singapore to follow suit with the slight risk of triggering a fiscal race to the bottom, according to a new report prepared for the Australian government.

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