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Uni research is probably minimally taxed, too.
by chillydawg 9y ago
Uni research is probably minimally taxed, too.
- matt4077 9y agoHow, exactly, is commercial research taxed? Only profits are taxed, and research is all expenses, and can be deducted from profits for tax purposes in the year they occur.
- PoachedSausage 9y agoIn the UK a commercial profit making company, even if it is doing research would still be subject to a form of local property tax called business rates[0]. Whereas a university would likely get relief from such taxes. [0] https://en.wikipedia.org/wiki/Business_rates_in_England https://en.wikipedia.org/wiki/Business_rates_in_England