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Australian Tax Office report shows start-ups, including Atlassian, claimed hundreds of millions in R&D tax incentives while facing layoffs and shutdowns.
A transparency report from the Australian Tax Office reveals that struggling start-ups in Australia claimed hundreds of millions in research and development (R&D) tax incentives, with Atlassian receiving over $200 million in 2021-2022.
Despite this support, some companies, like Baraja and Your Grocer, faced layoffs and shutdowns.
The findings highlight the role of R&D incentives in the tech sector while raising concerns about their effectiveness in preventing failures among smaller firms.
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El informe de la Oficina Tributaria Australiana muestra que las nuevas empresas, incluyendo Atlassian, reclamaron cientos de millones de incentivos fiscales en I+D mientras enfrentaban despidos y cierres.