Income-Based R&D Tax Incentives Lead to Drop in Tax Liabilities
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Income-Based R&D Tax Incentives Lead to Drop in Tax Liabilities
The OECD issued a release providing tax liability statistics and estimates for income-based research and development tax incentives for firms across member jurisdictions during the 2024 fiscal year, finding that the incentives reduced a firm's overall tax liability by 67 percent in OECD countries with the policies put in place, with the effective average tax rates for internally generated R&D intangibles remaining stable across the OECD and the EU.
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