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flag The U.S. Treasury will allow big companies to fully use expanded R&D tax breaks, saving billions and boosting innovation.

flag The U.S. Treasury is set to issue new tax guidance allowing large corporations to fully utilize expanded R&D tax deductions, potentially saving billions in taxes. flag The move, expected soon, aims to counteract limitations from the 15% corporate minimum tax introduced in 2022, benefiting tech, pharmaceutical, and manufacturing firms like Salesforce, Qualcomm, and Broadcom. flag It follows earlier Treasury actions that eased the minimum tax for certain sectors and excluded unrealized cryptocurrency gains. flag While the change could boost innovation and economic growth, it may face criticism from progressive lawmakers who argue it undermines fair corporate taxation. flag The guidance reflects broad authority granted to Treasury by Congress to shape the law’s implementation.

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