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Domestic and International Changes Make New Tax Law Complex for Life Sciences Companies
Posted by Michael Corrente on Mon, Apr 2, 2018 @ 04:31 PM

Life sciences companies have many new things to consider in light of the changes made by the 2017 tax legislation known informally as the Tax Cuts and Jobs Act (TCJA). Expensing elections for capital expenditures now have a broader scope, deductions for interest expense are subject to new limitations, and expenses for research and development will be subject to new rules for cost recovery. Several international tax developments may also affect how life sciences companies have traditionally structured activities related to research and development.

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Topics: Michael Corrente, life sciences, Tax Reform, Tax Cuts and Jobs Act, TCJA, tax reform bill

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