Innovation, funding, tax credits

Here's a link to good overview of some issues with the current Scientific Research & Experimental Development (SRED) tax credit regime. As I've noted earlier, there are some issues with how SRED works that are not in keeping with how R&D is conducted nor measured. As the Globe article posits, the Jenkins Panel has also recommended changes to the SRED program. While the SRED program has done a lot of companies a lot of good, it is skewed against the kind of market driven applied R&D that helps get new products introduced into markets. Overhauling SRED would be daunting to be sure, but anything that helps firms engage in R&D more directly should be welcome news.