Deduction of Research and Experimentation Expenditures for Research in the United States Against U.S. Source Income: Hearing Before the Subcommittee on Taxation and Debt Management and Subcommittee on Energy and Agricultural Taxation of the Committee on Finance, United States Senate, Ninety-eighth Congress, First Session, on S. 654, June 17, 1983 |
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861 regulations 861-8 regulations abroad Appendix apportioned Arthur Andersen Bob Packwood Chairman Committee competitive conducted CONGRESS THE LIBRARY disincentive domestic R&D double taxation Eaton Corporation Economic Recovery Tax effect enacted ERTA excess foreign tax exclusive apportionment factors firms foreign country foreign income foreign R&D expenditures foreign source income foreign tax credit foreign tax rate gross income growth high technology impact incentives increased incurred Internal Revenue Code June 17 LIBRARY OF CONGRESS MALCOLM WALLOP manufacturing markets million moratorium overseas percent percentage permanent Price Waterhouse product categories R&D activities R&D allocation R&D deductions R&D expenses R&D investment R&D operations R&D spending R&D tax credit Recovery Tax Act reduce Regulation Section 1.861-8 research and development respondents result sales method section 861 Senator WALLOP survey suspension tax credit limitation Tax Notes tax policy taxable income TAXATION AND DEBT taxpayer tion total R&D Treasury Department U.S. companies U.S. research U.S. source United
Popular passages
Page 199 - States, there shall be deducted (for the purpose of computing the net income therefrom) the expenses, losses and other deductions properly apportioned or allocated thereto and a ratable part of other expenses, losses or other deductions which cannot definitely be allocated to some item or class of gross income.
Page 93 - From the items of gross income specified in subsection (a) of this section there shall be deducted the expenses, losses, and other deductions properly apportioned or allocated thereto and a ratable part of any expenses, losses, or other deductions which can not definitely be allocated to some item or class of gross income.
Page 82 - Apparel and other finished products made from fabrics and similar materials 24 Lumber and wood products, except furniture 25 Furniture and fixtures 26 Paper and allied products 27 Printing, publishing, and allied industries 28 Chemicals and allied products 29 Petroleum refining and related Industries 30...
Page 63 - Original investigations for the advancement of scientific knowledge that do not have specific commercial objectives, although such investigations may be in fields of present or potential interest to the reporting company.
Page 82 - Transportation equipment 38. Measuring, analyzing, and controlling instruments; photographic, medical, and optical goods; watches and clocks 39.
Page 61 - Development is the translation of research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or use.
Page 63 - Development" includes technical activities of a non-routine nature concerned with translating research findings or other scientific knowledge into products or processes.
Page 82 - Tobacco manufactures 22 Textile mill products 23 Apparel and other finished products made from fabrics and similar materials 24 Lumber and wood products, except furniture 25 Furniture and fixtures 26 Paper and allied products 27 Printing, publishing, and allied industries 28 Chemicals and allied products 29 Petroleum...
Page 129 - STATEMENT OF ROBERT L. McNEILL, EXECUTIVE VICE CHAIRMAN, EMERGENCY COMMITTEE FOR AMERICAN TRADE Mr.
Page 61 - Research is planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service ... or a new process or technique ... or in bringing about a significant improvement to an existing product or process.