TaxCorporate TaxNew tax credit will help fight disease

New tax credit will help fight disease

Chancellor Gordon Brown is set to announce a new tax credit to encourage companies to undertake research to combat diseases hitting the developing world in his spring Budget.

Financial secretary Paul Boateng told the Commons the list of diseases likely to qualify – malaria, TB and AIDS – may be extended to include other diseases like trypanosomosis.

He was replying to a question from Meriden Tory MP Caroline Spelman, who wanted more help for coping with diseases in Africa.

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