#9
Australia
Australia offers the strongest R&D tax incentive among the top 10, with a 43.5% refundable credit for companies under AUD $20 million turnover. This benefit, combined with its Founder Visa and Global Talent Visa, has spawned tech giants like Canva ($26B valuation), Afterpay (acquired for $29B), and Atlassian ($50B+ market cap).
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