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Tesla's Robyn Denholm is an awkward choice to lead Australia's R&D review


Published on 2024-12-03 19:32:38 - Tim Hastings, N@N
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  • Perhaps Industry Minister Ed Husic is more interested in cosying up to tech elites than driving reform to make Australia more prosperous.

The article from Crikey discusses the appointment of Robyn Denholm, Tesla's chair, to lead a review of Australia's research and development (R&D) tax incentive. This choice is considered awkward due to Tesla's history of tax avoidance and its minimal investment in R&D, which contrasts with the goals of the review. Tesla has been criticized for not paying significant taxes in Australia despite its substantial profits, and its R&D spending is notably low compared to other tech giants. The review aims to enhance Australia's innovation landscape, but critics argue that Denholm's involvement might not align with fostering genuine R&D growth, given Tesla's practices. The article highlights the irony and potential conflict of interest in having a representative from a company known for tax strategies that minimize contributions to public funds, now tasked with advising on how to boost national R&D efforts.

Read the Full Crikey Article at:
[ https://www.crikey.com.au/2024/12/04/tesla-robyn-denholm-awkward-choice-australias-research-development-review/ ]