Economists and politicians love the research credit, but it may be time we trade it in for a lower corporate tax rate. What was intended as an incentive for productive activity by clever scientists and engineers turns out to be an incentive for totally unproductive activity by clever lawyers, accountants, and lobbyists.
Economists and politicians love the research credit, but it may be time we trade it in for a lower corporate tax rate. What was intended as an incentive for productive activity by clever scientists and engineers turns out to be an incentive for totally unproductive activity by clever lawyers, accountants, and lobbyists.
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