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Event Brief

IRS Grants Tech, Pharma a Tax Break Boost

IRS allows corporations to claim R&D deductions, avoiding Biden's tax increase.
WHO: Internal Revenue Service
WHAT: Tax break for large corporations
WHEN: Feb 18, 2026 at 7:37 PM ET
WHERE: USA
WHY: To prevent tax bills from increasing under Biden's minimum levy
Sources (1): Bloomberg

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