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The Government has announced its intention to proceed with two measures recommended by the Tax Working Group:
– allowing a deduction for feasibility expenditure for businesses; and
– relaxing the loss continuity rules.
Revenue Minister Stuart Nash says that early next year he intends to include the proposal on feasibility expenditure in a taxation bill and that public consultation would take place on loss continuity rules.
For more information see the media statement from the Ministers of Finance and Revenue.
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