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The Times Australia
Business and Money

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

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