The EU has apparently sent member states a formal proposal to reclassify some phones as “multi-functional devices,” raising import duties on those phones.
Monthly Archives: December 2008
17
Dec 08
New Zealand abolishes R&D tax relief
In a move counter to almost all other countries, the New Zealand government has announced it is abolishing R&D tax relief from the 2009/2010 income year.
17
Dec 08
France: R&D relief to be refunded
In contrast to New Zealand (see this post), France has announced that in 2009 it will refund all outstanding R&D relief which has not yet been used to reduce corporation tax – broadly, where the relief has been claimed by a loss-making company. Normally, a loss-making French company claiming R&D tax relief would need to wait three years before obtaining repayment. The move is part of a French proposed economic recovery plan.
08
Dec 08
Ireland: improvements to film and tv reliefs
Screen Daily reports that Martin Cullen, Ireland’s arts and film minister has confirmed that improvements to Ireland’s Section 481 film and TV tax break are to be introduced as amendments to the country’s 2009 Finance Bill.