(January 12, 2015)
On January 6, 2015 the European Commission published TAXATION PAPER N. 52 - 2014: A Study on R&D Tax Incentives - Final report. The paper is written by CPB (Netherlands Bureau for Economic Policy Analysis) in consortium with: CAPP, CASE, CEPII, ETLA, IFO, IFS, HIS.
The paper a.o. discusses the following topics:
- Introduction
- R&D tax incentives and the innovation policy mix
- Main findings from the overview of R&D tax incentives
- Main findings from the literature survey
- Main findings on best practices
- Impact of R&D tax credits and allowances
- Impact on R&D expenditure
- Impact on innovation and productivity
- Tax incentives versus direct subsidies
- General welfare effects
- Corporate taxation and the location of R&D activity and patents
- Challenges for evaluation
- R&D tax incentives in the EU and selected OECD countries
- Scope
- Type of R&D tax incentive
- Incremental and volume-based schemes
- Incentive base
- Tax base
- Novelty of R&D outcome
- Targeting
- Explicit targeting
- Implicit targeting
- Organization
- Generosity
- Administration
- Benchmarking R&D tax incentive designs
- Principles of good practice
- Methodology
- Benchmarking results
- Data availability
- Limitations of benchmarking
- Summary of good practice cases
- Conclusions
To be forwarded to the Taxation Paper as published on the website of the European Commission, click here. The website of the European Commission will open in a new window.
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