Here's a scheme Labor should ditch in its bid to boost productivity. It's the 'patent box'

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Australia’s new treasurer Jim Chalmers says his biggest priorities include boosting productivity and business investment.

If so, he would be wise not to follow in the footsteps of his predecessor Josh Frydenberg, who tried for more than a year to introduce Australia’s first so-called Patent Box before the legislation lapsed ahead of the election without a vote.