A majority of tax and financial executives favor the research and development tax credit simplification proposed by the Senate, according to a survey by Grant Thornton.
The survey found that at least 60 percent of the 314 CEOs, CFOs, comptrollers, tax executives and other tax staff polled by Grant Thornton would either use or consider using the alternative simplified method to claim their research credit if Congress enacts the legislation passed by the Senate on Sept. 23 (see Senate Passes Tax Extenders and AMT Patch).
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