Detail Navigating the R&D Tax Credit   Oleh:  Kamis, Daniel Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 209 no. 3 (Mar. 2010), page 50. Topik: Tax Credit; R&D; Regular Research Credit (RRC) Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.28 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Although it has a well-deserved reputation for complexity and uncertainty for taxpayers, the research tax credit of IRC § 41 nonetheless remains a valuable source of support to businesses that conduct qualified research and development. In fiscal year 2009 alone, the credit represented an estimated $5.6 billion federal subsidy for R&D. On the government’s side, although questions persist over whether the temporary credit effectively and equitably accomplishes its goal of encouraging new research and development, Congress has renewed it almost continually for 28 years and has often advanced proposals to make it a permanent part of the Tax Code. Many of the provision’s difficulties stem from its perennially temporary status. The Government Accountability Office in a recent study concluded that the credit did foster innovation and economic growth, reducing businesses’ costs of new qualified research by between 6.4% to 7.3% (see The Research Tax Credit’s Design and Administration Can Be Improved, GAO-10-136). At the same time, however, the GAO recommended that Congress amend the law and that the Treasury Department provide new guidance, which the latter agreed to do. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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