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Ann: Appendix 4C - quarterly, page-77

  1. SilverTrade
    5,861 Posts.
    lightbulb Created with Sketch. 608
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    06/05/21
    08:16
    Post #: 52971573

    This should be good for the Startups IMO...


    Software tax breaks in $1.2b digital strategy

    Phillip Coorey
    Phillip CooreyPolitical editor
    May 5, 2021 – 10.30pm

    Business will be allowed to depreciate software, patents, designs, copyrights and other so-called intangible assets more quickly, as part of a $1.2 billion expansion of the government’s digital economy strategy to be incorporated in the May 11 budget.

    The strategy, to be unveiled on Thursday by Scott Morrison, will also contain tax incentives to promote the development of a stronger gaming industry, funding to help small and medium businesses digitise their processes, and $500 million to give consumers greater access to their health and

    DOU Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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