TITLE

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

PUB. DATE
December 2009
SOURCE
GAO Reports;12/8/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
46792621

 

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