{"id":27174,"date":"2021-12-28T17:13:17","date_gmt":"2021-12-28T17:13:17","guid":{"rendered":"https:\/\/cjstudents.com\/?p=27174"},"modified":"2021-12-28T17:13:17","modified_gmt":"2021-12-28T17:13:17","slug":"companies-face-unwelcome-rd-shift-with-biden-plan-in-limbo","status":"publish","type":"post","link":"https:\/\/cjstudents.com\/index.php\/2021\/12\/28\/companies-face-unwelcome-rd-shift-with-biden-plan-in-limbo\/","title":{"rendered":"Companies Face Unwelcome R&#038;D Shift With Biden Plan In Limbo"},"content":{"rendered":"<p> [ad_1]<\/p>\n<div>\n<p>The delay in passing President Joe Biden\u2019s $2 trillion spending plan means companies won\u2019t get some much-sought tax relief on their research and development costs\u2014at least not yet.<\/p>\n<p>A new, less tax-friendly way for companies to record their R&amp;D costs will <a target=\"_blank\" href=\"https:\/\/news.bloombergtax.com\/daily-tax-report-international\/new-research-incentive-turns-on-rolling-back-a-trump-tax-tweak\" rel=\"noopener\">go into effect Jan. 1<\/a>, as scheduled, now that the spending measure has been shelved. A provision in the Biden plan would have pushed back that change to 2026, staying with the current, more tax-favorable approach.<\/p>\n<p>Some companies will see higher tax bills and increased compliance work as a result, and are likely to lobby Congress hard to &#8230;<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/news.bloombergtax.com\/daily-tax-report\/companies-face-unwelcome-r-d-shift-with-biden-plan-in-limbo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The delay in passing President Joe Biden\u2019s $2 trillion spending plan means companies won\u2019t&#8230;<\/p>\n","protected":false},"author":1,"featured_media":27175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-27174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research"],"_links":{"self":[{"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/posts\/27174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/comments?post=27174"}],"version-history":[{"count":1,"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/posts\/27174\/revisions"}],"predecessor-version":[{"id":27176,"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/posts\/27174\/revisions\/27176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/media\/27175"}],"wp:attachment":[{"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/media?parent=27174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/categories?post=27174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cjstudents.com\/index.php\/wp-json\/wp\/v2\/tags?post=27174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}