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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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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   1/28/2012 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?

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?

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

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