Australia Taxation Law Question Answer 2022

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID

TAXATION LAW1
Table of Contents
Answer to question 1:.................................................................................................................2
Answer to question 2:.................................................................................................................2
Answer to question 3:.................................................................................................................3
Answer to question 4:.................................................................................................................4
Answer to question 5:.................................................................................................................5
References:.................................................................................................................................7

TAXATION LAW2
Answer to question 1:
The recent issue surrounding the R&D tax incentives is that the government of
Australia has disregarded the recommendations that was given by bipartisan Senate
Committee. The controversy that surrounds is the uniform clawback and the catch up as well
some R&D administration issues are significantly untouched since the actual bill. The actual
R&D tax incentives proposal that were announced in May 2018 Federal Budget were based
on the 2016 review of R&D tax incentives report (Binning and Young 2015). The measures
introduced were misleadingly-named as Treasury Laws Amendment. There is a need for
substantial amount of mooted savings for reinvesting it into R&D related activities possibly
by increasing the grants for direct funding.
Answer to question 2:
The key stakeholders are the research and Development Company are as follows;
a. Suppliers
b. Customers
c. Society
d. Shareholders
e. Company owners
The impact of this policy on the stakeholders is that the current policy is very
scientific and it is not suitable for the commercial approach and thinking. Given that, it
becomes difficult for the stakeholders and companies to substantiate or give evidence. This
kind of difficulty simply adds up the cost of compliance (Taylor and Richardson 2014). There
is a mixed views regarding the effect of the new $100 million R&D expenditure cap. Some
stakeholders have argued that the cap failed to make an impact since the programme is not