The Australian Information Industry Association has urged the Federal Government to drop its plans for changing the research and development tax incentive scheme as the result of the coronavirus pandemic which is largely affecting small- and medium-sized enterprises.
The head of Australia's national start-up advocacy group has described Tuesday's Federal Budget as a "missed opportunity" to provide strategic vision on the role that technology will play in Australia's economy.
The Federal Government has cut another $1.35 billion from its research and development tax incentive over the forward estimates, according to the Budget papers.
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