Tax Break Showdown: Kyocera Sues Government Over $1.7 Million Claim

Government Disputes Tax Break Claim

Company’s Research Spending Questioned

According to Bloombergtax, The US government doesn’t agree with Kyocera AVX Components Corp.’s claim for a $1.7 million tax break. Kyocera said it spent more money on research and development, so it should get the tax break. But the government thinks the company didn’t provide enough proof.

The government says that to get the tax break, companies must show that their extra spending on research led to new discoveries. Kyocera didn’t do this, so the government wants to de the case without a trial.

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Tax Break Showdown: Kyocera Sues Government Over $1.7 Million Claim (PHOTO: GOOGLE)

Tax Break Dispute Heads to Court: Kyocera vs. US Government

Kyocera disagrees. It hired a big accounting firm called PwC to look at its research and development spending. Kyocera thinks its extra spending led to important scientific breakthroughs, so it should get the tax break. The disagreement between Kyocera and the government will now go to court, where a judge will decide what happens next.

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