The Resource Early stage innovation companies - a year of learning

Early stage innovation companies - a year of learning

Label
Early stage innovation companies - a year of learning
Title
Early stage innovation companies - a year of learning
Creator
Subject
Language
eng
Summary
On 1 July 2016, the government introduced tax incentives for investors who support early stage innovation companies (ESICs). The benefits were aimed to incentivise investors to direct funds towards ESICs through the provision of tax concessions, provided the ESIC satisfies both the "early stage" limb and the innovation" limb the latter of which can be satisfied by passing the "principles-based test" or the "100-points test". When the new ESIC law was passed, the authors published an article titled "Early stage innovation companies ? a deeper dive", which examined the newly enacted provisions. A year and a half on, the authors reflect on the effectiveness of the ESIC tax concessions, taking into account the release of six ATO guidelines in relation to ESIC. This article outlines how effectively the ATO has addressed the authors' former concerns about the ambiguity of the law and what has been learnt in applying these provisions over the last 12 months
Citation source
In: Taxation in Australia. - Sydney. - Vol. 52 (2018), no. 8 ; p. 429-432
http://library.link/vocab/creatorName
  • Brass, J
  • Trewhella, M
Language note
English
http://library.link/vocab/subjectName
  • innovation company
  • tax incentive
  • private ruling
Label
Early stage innovation companies - a year of learning
Instantiates
Publication
Label
Early stage innovation companies - a year of learning
Publication

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