TAX POLICY: The Research Tax Credit's Design and Administration Can be Improved

December 2009
GAO Reports;12/8/2009, preceding p1
Government Document
The article reports on the result of the study conducted by the U.S. Government Accountability Office (GAO) to describe the tax credit's use, determine whether there is a need for redesign to improve, and to assess whether record keeping and other compliance costs could be reduced. The study uses a panel of corporate tax returns to analyze alternative credit designs. It recommends elimination of the regular credit option and add a minimum base to the alternative simplified credit.


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