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Cochlear calls for lift in R&D tax breaks

COCHLEAR chairman Rick Holliday-Smith wants the government to reverse its $100m cap on R&D tax incentive, imposed earlier this year.

Cochlear chairman Rick Holliday-Smith says the government should do more to reward innovation.
Cochlear chairman Rick Holliday-Smith says the government should do more to reward innovation.

HEARING implants maker Cochlear has called for the ceiling to be raised on tax breaks for research and development by companies.

CHAIRMAN Rick Holliday-Smith says he is encouraged by the government's focus on innovation to help drive long-term growth for Australia and to support jobs, but it should do more to reward innovative companies.

Original URL: https://www.news.com.au/finance/business/breaking-news/cochlear-calls-for-govt-action-on-rd/news-story/790593d16fd301349bf00990a86993c4