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R&D tax break changes will cost firms millions and send business offshore, innovation panel warns treasurer

An innovation panel led by the Tesla chairwoman has slammed Labor’s R&D tax changes, as leading biotechs warn the policy will smash cashflow and force growth overseas.

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https://www.afr.com/companies/healthcare-and-fitness/biotech-boss-says-politicians-out-of-touch-on-tax-carve-out-20260617-p607lm

Telix CEO Christian Behrenbruch warns federal budget tax policies will stifle innovation and drive start-ups offshore

https://www.afr.com/companies/healthcare-and-fitness/biotech-boss-says-politicians-out-of-touch-on-tax-carve-out-20260617-p607lm