A new front has opened up in Labor’s clash with the startup sector over tax policy. The Australian Financial Review reports that the panel handpicked by the Albanese government to advise on innovation policy, led by Tesla chair Robyn Denholm, has slammed the budget’s changes to research and development tax concessions.The main source of contention is the proposed 10-year cap on eligibility for the tax break, which may risk deterring investment in innovation because it often takes startups much more than a decade to reach profitability.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles