Tag Archives: tax reform

BIO Urges Comprehensive Tax Reform

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Earlier this week, the Treasury Department issued a notice of its intent to propose rules to limit corporate inversions. In response, we are urging Congress and the Administration to reform the corporate tax system in order to maintain America’s global competitiveness, sustain and create American jobs, and encourage investments in the United States. The U.S. has one of the highest effective corporate tax rates in the world. Current U.S. corporate tax laws, including the lack Read More >

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BIO Announces a Special Preconference Workshop: Outlook on Federal Policy

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BIO President & CEO James Greenwood to moderate panel discussion with biotech companies  Recent passage of the Farm Bill, uncertainty about tax reform and potential changes to the Renewable Fuel Standard (RFS), are all issues that could impact future growth of the industrial biotechnology sector. These issues and more will be discussed during BIO’s World Congress on Industrial Biotechnology’s pre-conference Workshop, “U.S. Policy Outlook: From the RFS to Tax Reform to Farm Bill Implementation – Read More >

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Propel Small Business Innovation through Tax Reform

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As CEO of an emerging clinical-stage biotech company, I lose over $10 million each year. Over the lifetime of my company, I have lost over $100 million. But constantly losing money in an effort to advance discoveries should not overshadow the real lifeblood of biotechnology, which is the reward of seeing patients treated, lives saved, and families healed. Some of the biggest challenges companies like mine face include high research and production costs, coupled with Read More >

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The Hill: Innovation-focused tax reform for U.S. global competitiveness

DC in Fall

The Hill Blog published an op-ed by Geoff Davis on ‘Innovation-focused tax reform for U.S. global competitiveness.’ Davis, a former member of the House Ways & Means Committee, which has responsibility for writing our nation’s tax laws,  urges policymakers to support innovative, research-intensive businesses by encouraging private investment as they move towards tax reform. As he states, “If the U.S. is to remain competitive in the global economy, we need to make sure there are policies Read More >

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