Business
Cochlear to return $24m in jobkeeper payments, says IP tax cuts needed – The Australian Financial Review
Hearing implant maker Cochlear will return $24 million in JobKeeper money and restart paying dividends, after the return of surgeries around the world boosted sales….
Mr Howitt said more than 20 countries now had patent boxes, including France which has a company tax rate of 33 per cent, but taxes profits from IP at 10 per cent.
The government is doing good things to encourage manufacturing, but its important for the government to look at the whole environment.
Lots of countries now have 10 per cent tax rates on profits from IP and its a competitive race between nations. Businesses with IP are mobile and they choose where they go.
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