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"We believe the introduction of a premium tax concession rate for businesses collaborating with public research institutions could substantially improve its effectiveness in supporting cutting edge innovation.
"Concession card holders will continue to be offered a concession rate stamp, which will be frozen at $0.60, and all Australians will continue to have access to a $0.65 Christmas rate stamp".
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Despite fears that the local auto industry could suffer from a flood of imports, Japan is understood to have won a concession lowering the rate to 45%.
The 2012 concession on tax rates would be overshadowed by the 2013 debate on the fiscal future.
Many are eminently sensible: free parking, business rate concessions, high street deregulation, tougher rules for negligent landlords, and so forth.
Business rate concessions to offer the same discount given to charity shops to retail startups and small businesses.
The Portas review makes 28 recommendations including establishing "town teams" to champion local high streets, business rate concessions for entrepreneurs and penalties for negligent landlords.
Despite the decrease in the vacancy rate, concessions of one to three months of no rent are still being offered to attract tenants, he said.
John Makinson, the chief executive of Penguin, argues the government should support bookshops, pointing to the beneficial trading terms enjoyed by charity shops which get business rate concessions.
Among the recommendations are "town teams" to champion local high streets, business rate concessions for entrepreneurs and penalties for negligent landlords.
In a country where memories of colonial economic subjugation run deep, however, the Treasury's demands may have the effect of making concessions on exchange rate policy politically risky, bankers in China said.
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