GM Holden Ltd. says the international nature of its operations is penalizing the General Motors Corp. subsidiary when it comes to lucrative Australian research-and-development tax breaks. The auto maker has been unable to maintain an R&D claim since 2005, because it is part of a global engineering framework, its intellectual property is owned and managed globally and its budget is controlled centrally, GM Holden says in a submission to a review of innovation policy ordered by the new ...

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