{"id":7712,"date":"2021-01-13T22:24:48","date_gmt":"2021-01-13T22:24:48","guid":{"rendered":"https:\/\/www.innovationaus.com\/?p=15835"},"modified":"2021-01-13T22:24:48","modified_gmt":"2021-01-13T22:24:48","slug":"rdti-still-not-fit-for-purpose-atlassian","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/13\/rdti-still-not-fit-for-purpose-atlassian\/","title":{"rendered":"RDTI still not fit for purpose: Atlassian"},"content":{"rendered":"
The research and development<\/strong> tax incentive is still not suitable for tech companies and a new targeted scheme should be established to replace it, according to Atlassian and the Small Business Ombudsman.<\/p>\n In separate submissions to the ongoing senate inquiry into the FinTech sector, the tech giant and Ombudsman Kate Carnell both argued that more needs to be done to improve the research and development tax incentive (RDTI), beyond the changes announced in last year\u2019s October budget, which saw the federal government abandon plans to cut $1.8 billion from the popular scheme.<\/p>\n Atlassian urged the government to take a long-term approach with initiatives like the RDTI, which lacks clarity around software claims currently. The government should either clarify eligibility of software or create a new scheme entirely just for software investments.<\/p>\n