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New Tax Deduction Encourages R&D Hiring in US
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New Tax Deduction Encourages R&D Hiring in US
Tech startups are reportedly hiring more software engineers and other positions related to research and development (R&D) in the United States, rather than overseas, due to a new tax deduction. [contact-form-7] The tax deduction, which is part of President Donald Trump’s One Big Beautiful Bill, lets companies take deductions for U.S. spending on R&D in the same year as the expense, while those for foreign spending on R&D are spread out …
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