The Treasurer says his 'patent box' will boost innovation. The evidence says it won't
- Written by Isaac Gross, Lecturer in Economics, Monash University
On budget night federal Treasurer Josh Frydenberg announced Australia is getting its own “patent box”.
What is a patent box?
Despite its odd name, it is a relatively straightforward concept. It means lowering the tax rate on all income derived from patents registered in a nation. About half the members of the European Union, Britain and...
Read more: The Treasurer says his 'patent box' will boost innovation. The evidence says it won't
