Sentences with phrase «research and development tax»

Her Majesty's Revenue and Customs (HMRC) has distributed over # 14 billion in Research and Development tax credits since the turn of the last millennium, to encourage innovation and forward - thinking across the board.
As indicated above, many manufacturing firms fail to apply for Research and Development tax credits from HMRC because they do not believe they will qualify.
The food industry is one of the most untouched industries in terms of its potential for claiming R&D tax credits (see: research and development tax credit food).
A McCain administration would establish a permanent research and development tax credit equal to ten percent of wages spent on R&D, to open the door to a new generation of environmental entrepreneurs.
Retaining and improving Video Games Tax Relief, the Research and Development Tax Credits and tax incentives for start - ups and small firms to ensure that the UK has one of the most favourable tax regimes for the video games industry in the world.
GENR has funded its operations primarily from the proceeds of public and private placements of its securities and through contract and grant revenues, research and development expense reimbursements, the sale of a Pennsylvania research and development tax credit carry forwards and interest income.
If a tax preparer encourages you to take a business credit like the research and development tax credit or the fuel tax credit, make sure you're eligible first.
Repeating a long - held — and often bipartisan — talking point, the platform calls for helping companies develop innovative technologies by creating a «permanent research and development tax credit.»
Confusion in Perry's assessment of the climate and energy nexus extends to his energy plan, which says that «we must continue to invest in clean coal technology through research and development tax incentives.»
Amid a report full of spending cuts and the elimination of many tax breaks, a bipartisan deficit panel has called for making permanent the research and development tax credit.
It also provides many economic incentives for intellectual property developed and licensed from the country, such as patent royalty exemption and a research and development tax credit.
In addition, I have been an ardent supporter of the research and development tax credit and have offered legislation to make it permanent.
«Enhancements to the Ontario Research and Development Tax Credit and the Ontario Innovation Tax Credit that are focused on helping scaling tech firms grow in size and global reach are welcomed by domestic technology CEOs.
The Company benefits from the U.K. research and development tax credit regime whereby a portion of the Company's losses can be surrendered for a cash rebate of up to 33.35 % of eligible expenditures.
Two big existing credits for corporations — the research and development tax credit and the low - income housing credit — won't be repealed.
Fostering innovation in the Canadian economy requires bringing a pro-innovation lens to a broad suite of policies that go well beyond the mainstay of providing businesses with research and development tax credits.
Until the PATH Act, the development of internal use software was not eligible for the research and development tax credit.
Also potentially available to business owners this year is the research and development tax credit that expired at the end of 2014.
«Canada was identified as a best - practice jurisdiction,» the report, called The Future of Canadian Manufacturing: Learning From Leading Firms, «because of its low corporate tax rates, research and development tax credits, accelerated capital cost allowance and duty - free imports of capital equipment.
A look at how small businesses can take advantage of the research and development tax credit to cut their taxes and improve their bottom lines.
Former Amcom Telecommunications chairman Anthony Grist has invested in listed tech company Decimal Software, which is seeking extra cashflow while awaiting the receipt of a research and development tax refund.
Mid-tier accounting firm ROCG Perth has expanded with the acquisition of specialist research and development tax consultants Insight Business.

Not exact matches

For example, in some places, including Canada, tax breaks are effective at encouraging more spending on research and development; in other countries, direct subsidies appear to be a better approach.
One area of contention is the matter of Apple paying taxes on the profits it recorded in Ireland as well as sending money back to the US to pay for research and development.
The Tax Foundation recently published research that found America's top rate of business tax — 35 per cent — is the highest amongst the 34 industrialized nations of the Organization for Economic Cooperation and Development (OECTax Foundation recently published research that found America's top rate of business tax — 35 per cent — is the highest amongst the 34 industrialized nations of the Organization for Economic Cooperation and Development (OECtax — 35 per cent — is the highest amongst the 34 industrialized nations of the Organization for Economic Cooperation and Development (OECD).
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personntax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personntax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnTax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
The change that received the most attention was the decision to tighten the high - profile Scientific Research and Experimental Development (SR&ED) program, which gives out cash and tax credits for R&D spending in Canada.
As Senate Republicans push to get their tax bill passed before Christmas, a research and development (R&D) tax credit used by many businesses to boost innovation could be in trouble.
«This means that the province has not attempted to determine if a company receiving a grant would have made the same project investment without the support, or a company investing in research and development would have still made the investment without the tax credit.»
House leaders and corporate groups said the tax would stifle research and development.
Takeover specialists and their investment bankers pore over balance sheets to find undervalued real estate and other assets, and to see how much cash flow is being invested in long - term research and development, depreciation and modernization that can be diverted to pay out as tax - deductible interest.
These included the Working Income Tax Benefit, the Refundable Medical Expense Supplement, the Canadian Film or Video Production Tax Credit, the Canadian Film or Video Production Services Tax Credit, the Scientific Research and Experimental Development Tax Credit for Canadian - Controlled Private Corporations and the refundable portion of the Atlantic Investment Tax Credit.
Canada's strengths — and there are many — seem to be overshadowed by relatively low performance in many policy areas that likely influence innovation, ranging from access to markets and competitive environment, to regulation, taxes, intellectual property rights, and governments» own often diffuse support for research and development.
Under the Bonus Plan, our compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit, return on assets, return on capital, return on equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working capital, and individual objectives such as MBOs, peer reviews, or other subjective or objective criteria.
June 16, 2016 Comparing the administration of the Canadian Scientific Research and Experimental Development (SR&ED) tax credit program to the UK R&D tax credit program: Public Policy Advocacy validated
«Repatriations did not lead to an increase in domestic investment, employment or (research and development), even for the firms that lobbied for the tax holiday stating these intentions,» the study concluded.
In recent months, revelations from European authorities about the tax avoidance strategies used by Google, Starbucks and Amazon have all stirred public anger and spurred several European governments, as well as the Organization for Economic Cooperation and Development, a Paris - based research organization for the world's richest countries, to discuss measures to close the loopholes.
The year - over-year improvement was driven primarily by reduced taxes, lower restructuring charges, and a modest top - line advance (+1 %), partially offset by increased production (+4 %), SG&A (+3 %), and research & development (+2 %) costs.
NDP commitments include a two point cut in the small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase in); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).
Further corporate tax cuts should be cancelled, the paper argues, in favor of direct government support for new investments in machinery and equipment, research, development and training.
NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.
For example, refundable tax credits such as the Canada Child Tax Benefit, the Working Income Tax Benefit, the Scientific Research and Experiment Development Tax Credit, among others, are classified as expenses in the Budget, but are not included as spending in the Main Estimattax credits such as the Canada Child Tax Benefit, the Working Income Tax Benefit, the Scientific Research and Experiment Development Tax Credit, among others, are classified as expenses in the Budget, but are not included as spending in the Main EstimatTax Benefit, the Working Income Tax Benefit, the Scientific Research and Experiment Development Tax Credit, among others, are classified as expenses in the Budget, but are not included as spending in the Main EstimatTax Benefit, the Scientific Research and Experiment Development Tax Credit, among others, are classified as expenses in the Budget, but are not included as spending in the Main EstimatTax Credit, among others, are classified as expenses in the Budget, but are not included as spending in the Main Estimates.
Chaired by Michael Horgan, the C.D. Howe Institute's Fiscal and Tax Competitiveness Council oversees research and development of policy recommendations to foster effective and efficient spending and tax programs, and ensures that Canadian fiscal policy supports economic dynamism and sustainable income growTax Competitiveness Council oversees research and development of policy recommendations to foster effective and efficient spending and tax programs, and ensures that Canadian fiscal policy supports economic dynamism and sustainable income growtax programs, and ensures that Canadian fiscal policy supports economic dynamism and sustainable income growth.
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The CEO also pointed to the opportunity to invest tax savings in research and development and capital spending over the next several years.
Member companies employ 1.4 million Canadians, account for more than half the value of the Toronto Stock Exchange, contribute the largest share of federal corporate taxes, and are responsible for most of Canada's exports, corporate philanthropy, and private - sector investments in research and development.
Previous investors were led by Grand Challenges Canada, funded by the Government of Canada, which provided $ 1 million through a Transition to Scale investment and helped catalyze matching investments from a wide range of sources including Maple Leaf Angels, MaRS Innovation, the University of Toronto's Connaught Seed Fund, the Government of Canada through the National Research Council of Canada Industrial Research Assistance Program (NRC - IRAP) and the Scientific Research and Experimental Development Tax Incentive Program (SR&ED), and the Government of Ontario through investment by Ontario Centres of Excellence and support by MaRS Discovery District and ventureLAB / Genesis.
Mr. Gardner argued that a broader definition of American competitiveness is needed that includes not only the tax system, but also the business infrastructure that the tax system supports — bridges and roads, health care, education and research and development.
A U.S. company that benefits from U.S. commercial advocacy, U.S. negotiations on its behalf, U.S. research and development and so on should pay a minimum tax on its foreign income of 15 to 20 percent.
Our 150 member companies employ 1.7 million Canadians, account for more than half the value of the Toronto Stock Exchange, contribute the largest share of federal corporate taxes, and are responsible for most of Canada's exports, corporate philanthropy, and private - sector investments in research and development.
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