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Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit

1/27/2012 04:45 PM EST
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eric988
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
eric988   1/27/2012 5:50:49 PM
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Sarbanes and Oxley pushes little businesses into the ground. Hatch supported this legislation- and people think he's business friendly

george.leopold
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
george.leopold   1/27/2012 10:57:51 PM
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eric988, you are referring to Sarbanes-Oxley reporting and accounting requirements?

junko.yoshida
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
junko.yoshida   1/28/2012 10:17:19 PM
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I am really intrigued by Rashkin's comment. You write: Rashkin told Congress that the current structure encourages U.S. companies to “park the resulting intellectual property in tax havens.” What does that mean?

Michael Rashkin
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
Michael Rashkin   1/29/2012 3:39:57 AM
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It means that IP that was developed in the US becomes owned in a tax haven so that the profits from such IP are not taxed in the US. This is why companies find it profitable to put jobs overseas even if there is no business reason to do so.

junko.yoshida
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
junko.yoshida   1/29/2012 1:35:19 PM
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Thanks for responding! So, if we are to advance that theory, a company might as well forget about doing R&D in the United States...is that it?

C VanDorne
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
C VanDorne   1/30/2012 3:56:13 PM
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The last two paragraphs of this article were unbecoming of an otherwise interesting point, and unnecessary.

george.leopold
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
george.leopold   1/30/2012 4:22:21 PM
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Point taken, C VanDorne. We are endeavoring to determine whether and if efforts to "fix" the R&D tax credit have any chance of succeeding this year or after the fall elections.

Snave_Trebor
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
Snave_Trebor   1/30/2012 7:08:08 PM
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Bringing manufacturing back to the USA requires leveling the playing field. An easy way to do this is to eliminate taxes for companies manufacturing in the USA with US citizen labor. Let companies keep the profits within the company. They could use their profits to purchase equipment, fund, R & D, finance expansions, or just keep a nest egg to cover a unexpected bad year. Only tax the money that is removed from the company (compensation, dividends, bonuses, etc.)

C VanDorne
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
C VanDorne   1/30/2012 7:57:18 PM
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Fair enough. But please understand that throwing a gratuitous jab at congressional Republicans (while conveniently leaving out the Democrat controlled Senate - Harry Reid et al), and then giving a kiss on the cheek to the Obama administration - where both sources sighted were unidentified and obviously biased - does more to identify your particular political bent than it does to fairly assess the ideas chances. Which, btw, is a subject deserving of its own detailed treatment. That given the complexities of our system, and the long history of parties doing battle over tax laws. Without those last two paragraphs I was able to get a feel for the idea's merits and, as a conscientious voter, would further research the idea and decide to act, or not, by calling my local representative in support of, or against, the idea. With them I am forced to doubt the source and take chances on my employment by writing long responses to the writer. This does neither of us any good.

fundamentals
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re: Rebuilding America: Proposals emerge to fix 'dysfunctional' R&D tax credit
fundamentals   1/30/2012 8:19:14 PM
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Eliminate R&D tax credits for any R&D done off-shore. If a company does R&D in India or China, then they should seek R&D tax credits from India or China, not from the U.S.

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