Treasurer 1 2 An innovation and A defence plan for local science - - PowerPoint PPT Presentation
The Hon Scott Morrison MP Treasurer 1 2 An innovation and A defence plan for local science programme for hi-tech manufacturing and start-up businesses technology 4 3 National Export trade Tax cuts and Plan for deals to incentives for
An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
2
Source: 2016-17 Budget: Budget Overview.
3
Source: 2016-17 Budget: Budget Overview.
4
Source: 2016-17 Budget: Budget Overview.
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Source: 2016-17 Budget: Budget Overview.
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Source: 2016-17 Budget: Ensuring the government lives within its means.
7
Source: 2016-17 Budget: Budget Overview.
8
An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
9
Incubator Support Programme Increasing access to company losses Insolvency laws reform to promote business continuity Intangible asset depreciation Changes to Venture Capital Limited Partnerships Tax incentives for investors Reforms to Employee Share Schemes Access to crowd-sourced equity funding CSIRO Innovation Fund Biomedical Translation Fund Innovation Connections ARC Linkage Projects scheme Cyber Security Growth Centre Global Innovation Strategy Maintaining world class research infrastructure New research funding arrangements for universities Measuring impact and engagement
Advancing quantum computing technology Inspiring STEM literacy Embracing the digital age Supporting innovation through visas Expanding Opportunities for women in STEM Data sharing for innovation Building and maintaining Australia’s data science research capability through Data61 Digital Marketplace Business Research and Innovation Initiative Innovation and Science Australia
$1.1 billion over 4 years
Culture and capital Collaboration Talent and skills Government as an exemplar
Source: National Innovation & Science Agenda
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An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
11
Source: 2016-17 Budget: Budget Overview.
12
An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
13
Source: 2016-17 Budget: Budget Overview.
14
An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
15
Source: 2016-17 Budget: Sticking to our national economic plan for jobs and growth.
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Source: 2016-17 Budget: Making our tax system more sustainable.
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Source: Organisation for Economic Co-operation and Development (OECD) 2015, Tax Database - Table II.1 Corporate Income Tax Rate, OECD, Paris.
5 10 15 20 25 30 35 40 45 5 10 15 20 25 30 35 40 45
Ireland Slovenia Czech Republic Hungary Poland Estonia Finland Iceland Turkey United Kingdom Switzerland Slovak Republic Sweden Chile Denmark Korea Australia 26-27 Austria Netherlands Greece Canada Israel Norway Italy New Zealand Spain Luxembourg Portugal Australia 15-16 Mexico Germany Japan Belgium France United States
Tax rate % Tax rate % OECD average tax rate (25%)
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An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
19
Source: 2016-17 Budget: Making our tax system more sustainable.
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Source: 2016-17 Budget: Making our tax system more sustainable.
21
An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
22
Source: 2016-17 Budget: Making our tax system more sustainable.
23
Source: 2016-17 Budget: Budget Overview.
24
Source: 2016-17 Budget: Sticking to our national economic plan for jobs and growth.
25
An innovation and science programme for start-up businesses
hi-tech manufacturing and technology
with crackdowns on tax avoidance and loopholes
Health, Education and Roads Export trade deals to generate new business
Tax cuts and incentives for small business and hard working families
26