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September - Online
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This subject provides a flexible, online and topical offering led by experts in the field that addresses significant legal and policy changes in the taxation of innovation and intellectual property. These global and local changes address the need to develop a strong domestic, science-knowledge economy and they have generated challenges and opportunities for taxpayers and administrators. Topics include legal, practical and administrative aspects of the interaction of IP law and tax, the taxation of innovation, the R&D concessions and tax claims in the courts, and the development and implications of Australian patent box rules and its international counterparts.
Principal topics will include:
- Current and future practical problems of the tax and innovation system in Australia.
- Fundamentals of intellectual property law
- Taxation of intellectual property and innovation, such as patents, copyrights and designs
- The Research and Development tax concession including claims in the courts
- Practical considerations with respect to taxation of innovation including the dual administration system.
- Introduction to Australia’s patent box proposal and international comparisons
Intended learning outcomes
A student who has successfully completed this subject will be able to:
- Understand the core rules and policy for taxation of intellectual property assets and innovation in Australia
- Demonstrate in written analysis the ability to interpret R&D tax incentive legislation and case law
- Demonstrate in written analysis an understanding of key issues in registering R&D activities and to navigate R&D tax reviews conducted in a dual administration model
- Identify and communicate the key policy and rules of Australia's patent box system in Australia compared to other models
A student who has successfully completed this subject will:
- Have the cognitive and technical skills to independently examine, research and analyse existing and emerging tax law and policy issues
- Have the written communication skills to convey complex information regarding the taxation of innovation, R&D and patent box regime in Australia to specialist and non-specialist audiences
- Be able to demonstrate autonomy, expert judgment and responsibility as a practitioner and learner in the field of taxation of innovation in Australia
- Be able to demonstrate the cognitive and technical skills to generate critical and creative ideas on the taxation of innovation in Australia
Last updated: 29 July 2022