The Australian Government’s reissuing of 188C Business Innovation and Investment visas and allocation of interim places to high net worth migrants prior to the Budget will assist Australian businesses and entrepreneurs to counter the lack of availability of domestic capital investment, according to one advisory firm.
The UK has introduced a 2% digital services tax on the revenues that certain digital businesses earn from 1 April, in its 2020 budget which was presented to Parliament on Wednesday. Also announced was an increase of £22 billion in public sector research and development spending.
The head of Australia's national start-up advocacy group has described Tuesday's Federal Budget as a "missed opportunity" to provide strategic vision on the role that technology will play in Australia's economy.
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