@laughoutlood,
Quote:That most other countries don't?
* Austria gives volume-based deductions at 125 per cent and incremental deductions at 175 per cent based on the increase over a three-year rolling average along with cash rebate for companies with turnover less than $5 million.
* The UK provides that SMEs (small and medium enterprises) could claim up to 175 per cent of their R&D expenditure as a super deduction. The scheme also provides cash credit of up to 24.5 per cent of the qualifying costs for SMEs in a situation where the company has losses. The other large companies are entitled to a super deduction of 130 per cent.
* There have been recent amendments to the R&D incentives regime in Singapore, which provides for various tax deductions and incentives depending on whether the enterprise is an existing enterprise or a start-up enterprise, whether the R&D activities are undertaken by the enterprise in-house or outsourced, whether the R&D activities are conducted in Singapore or outside Singapore etc. The additional deduction ranges from 100 per cent of expenses incurred to 200 per cent (maximum).
* Hungary provides a generous 200 per cent super tax-base. China provides 150 per cent deduction on qualifying R&D expenses.
* India provides super deduction ranging from 125 per cent to 150 per cent depending on whether the expenditure is on contributions to R&D institutions or for carrying out in-house R&D activities. At present, India does not have a system of tax credits or subsidies.
Quote:what do j o k and e have in common
They are all representable in ASCII and UTF-8