Levy Business to Revive R&D Spending, Says Australian Academy

Levy business to revive R&D spending, says Australian academy

Companies should ‘come to the party’ in bankrolling research effort that relies too heavily on foreign students

Scientists demand R&D levies on big business

Large Australian businesses would pay multi-million dollar levies every year to fund basic research under a radical proposal being put forward by scientists as a response to plummeting innovation investment. The businesses could partially or fully discount the levy by investing in their own research and development, but innovation laggards would be forced to contribute up to 0.5 per cent of their revenue to help seed public expenditure on basic …

Incentivising business investment in R&D