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    Obama looks to R&D tax credits expansion

    Obama looks to R&D tax credits expansion

    Permanent R&D tax credit plans by US president Barack Obama

    Author Writer Date published September 6, 2010 Categories

    Research and development tax credits could be expanded in the US under plans
    by its president.

    Barack Obama is set to outline details for an expansion of the US current R
    &D tax credit scheme, to help its economy improve, wrote the FT.

    The simplified credit will be increased from 14% to 17% This credit is for
    companies unable to claim the main credit because R&D has declined as a
    percentage of sales.

    However, a bill is unlikely to be passed before mid-term campaigning begins.

    Further reading:

    Obama:
    asset or liability?

    US
    Treasury defends Obama tax reform plans

    Cayman
    Islands urge Obama to cease criticism

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