We are wondering. Is R&D tax incentive an offset against tax owing or is it a payment by the tax office ($334K) into Motopia's bank account? Can anybody help us to understand?
We note that Mr Floate is a director and now is the new Motopia general manager. Also that marketing, project management, and sales staff have been recruited. Are they based in Perth or Melbourne? Where is the money to pay the wages/expenses/directors fees, coming from?
Ann: Motopia books revenues-MOT.AX, page-4
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