ITIF Says: Federal Research Tax Credit Should Be Expanded
The rate of R&D investment by U.S. majority-owned affiliates performed outside of the U.S. increased twice as much as R&D performed within the U.S. from 1998 to 2003, as more countries around the world increased their R&D tax credits relative to those offered by the U.S. In a recent paper by the Information Technology and Innovation Foundation (ITIF), The Research and Experimentation Tax Credit: A Critical Policy Tool for Boosting Research and Enhancing U.S. Economic Competitiveness, Dr.