Armao -TLA's team captain and jungler - has had a career like few others - in the LCS and even the world. He's seen ups, downs, and undulations that would have knocked most players out of the game. But he's endured them all, working towards the dream of playing in the LCS with same vigor he's had since he was on a top TSM team, a wild Echo Fox roster, or even an unknown COG amateur team. Learn about his history and drive in this article.
Raksha Mantri Shri Rajnath Singh reviewed, in New Delhi on February 18, 2022, the preparations of DefExpo-2022, Asia’s largest exhibition on land, naval and homeland security systems, to be held in Gandhinagar, Gujarat in March. The event is being organised as one of the largest defence international exhibitions in the world. There has been greater […]
Macau gaming regulators met recently with representatives of the enclave’s primary junket trade group. The topic was how such VIP trip organizers will operate under the region’s next governing environment. Key officials with the Gaming Inspection and Coordination Bureau (DICJ) sat down with the Macau Association of Gaming and Entertainment Promoters to better communicate the […]
The Defense Department announced Feb. 22 that the United States, Australia, Canada, France, Germany, New Zealand, and the United Kingdom have signed a joint vision document that calls for greater cooperation to prevent conflicts in space.
In the early days of January 2022, everyone knew the Omicron variant wasn’t that deadly. The original strain had a 99% survival rate for people under 60. Despite the fear-mongering in the media, the data coming out of South Africa was pretty clear. The coronavirus wants to survive and evolve and it can’t do that […]
On 10 February 2022, the Treasury Laws Amendment (Tax Concession for Australian Medical Innovations) Bill 2022 was introduced to the Australian parliament, and received its first and second readings in the House of Representatives. The Bill represents the fulfilment of an undertaking in the Federal Government’s 2021 budget to introduce a ‘patent box’ scheme to encourage innovation and commercialisation in the Australian medical and biotechnology sectors. A ‘patent box’ (the name refers either to an actual box on a form, or to a notional box into which a company allocates a proportion of its income) is a tax incentive scheme under which income that can be directly attributed to the commercialisation of patented technology (as distinct from other attributes, such as branding, know-how, or manufacturing capability) is taxed at a reduced rate.
Under the scheme established by the legislation, the minimum concessional tax rate is 17%, compared with the normal corporate tax rate of 30% for large companies, or 25% for small and medium enterprises (SMEs). However, the full benefit of the scheme is only available to the extent that R&D leading to development of a patented invention is conducted in Australia.
As the government had indicated in its original budget announcement, only medical and biotechnology inventions will be eligible for the patent box tax concession. In particular, a patent will be eligible if it is ‘linked’ to a therapeutic good included on the Australian Register of Therapeutic Goods (ARTG). This means that a product, which is covered wholly or in part by the claims of the patent, must be a therapeutic good (e.g. a pharmaceutical substance or medical device) that requires, and has received, marketing approval in Australia.
Interestingly, however, the patent relied upon as the basis for eligibility under the patent box scheme need not be an Australian patent. A patent will qualify under the scheme if it is an Australian standard patent (i.e. innovation patents are not eligible), a US utility patent, or a European patent granted under the European Patent Convention (EPC).
It is intended that the patent box concession will commence in the coming financial year, i.e. from 1 July 2022. However, for this to happen the legislation will need to be passed in both houses of parliament before federal election is called. It is widely anticipated that this will occur in early to mid April, shortly after the government hands down its budget on 29 March 2022. With no further sitting days scheduled prior to budget week, it could become a race against time to get the legislation through.
Several other “high profile” organizations have made similar headlines by shifting their cannabis policy. One of these companies last June updated their Terms and essentially gave permission for cannabis companies that operate within a legal state access to their platform. The company in question? Apple!
Bulgarians can now invest in crypto assets through their country’s stock market. The Bulgarian Stock Exchange has recently launched eight ETNs based on two digital currencies, bitcoin and ethereum, following the example set by leading European platforms that support such products. Crypto-Based ETNs Offered to Bulgarian Investors Bulgarian Stock Exchange (BSE) has started trading crypto […]