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Finnish Government Issues Release on Draft Budget for 2021 Including Additional Deduction for R&D Cooperation

|Proposed Changes|Finland
Finland

The Finnish Government has issued a release on the draft budget for 2021. One of the main tax measures is that businesses will be encouraged to make intangible investments through the introduction of a fixed-term additional tax deduction for R&D related research cooperation in the period 2021–2024. With this measure, businesses would be granted an additional tax deduction of 50% for expenditure on research and innovation projects carried out in cooperation with higher education instituti…

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