TaxCorporate TaxObama 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

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

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

1m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

3m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

4m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter