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.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group