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The Design Of Rd Tax Incentive Schemes And Firm Innovation
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Book Synopsis The Design of R&D Tax Incentive Schemes and Firm Innovation by : Heli Koski
Download or read book The Design of R&D Tax Incentive Schemes and Firm Innovation written by Heli Koski and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Research and development (R&D) tax credits are widely employed among the OECD countries to promote business sector investments in innovation. The implementation of R&D tax credit schemes, however, varies across countries. The empirical research on the effectiveness of R&D tax incentives suggests that the strength of company responses (in R&D expenditures) to more generous tax incentives substantially differ across countries. We use data from 25 OECD countries, collected from 2010 to 2018, to explore the relationship between a set of R&D tax scheme features and innovation performance. Our estimation results show that the business sector R&D expenditure is higher among those countries that have implemented either an R&D tax credit scheme with an incremental deduction basis or a hybrid scheme with both volume-based and incremental tax relief components. The input additionality is highest when the R&D tax incentives are based on the incremental deduction. Further, the hybrid tax credit scheme positively relates to innovation output. The business sector R&D investment are higher in the countries with an R&D tax credit scheme that provides favorable treatment for SMEs or option to carry forward unclaimed R&D tax credits.
Book Synopsis Do Tax Incentives for Research Increase Firm Innovation? by : Antoine Dechezleprêtre
Download or read book Do Tax Incentives for Research Increase Firm Innovation? written by Antoine Dechezleprêtre and published by . This book was released on 2016 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present evidence of a causal impact of research and development (R & D) tax incentives on innovation. We exploit a change in the asset-based size thresholds for eligibility for R & D tax subsidies and implement a Regression Discontinuity Design using administrative tax data on the population of UK firms. There are statistically and economically significant effects of the tax change on both R & D and patenting (even when quality-adjusted). R & D tax price elasticities are large at about 2.6, probably because the treated group is from a sub-population of smaller firms and subject to financial constraints. There does not appear to be pre-policy manipulation of assets around the thresholds that could undermine our design. Over the 2006-11 period aggregate business R & D would be around 10% lower in the absence of the tax relief scheme. We also show that the R & D generated by the tax policy creates positive spillovers on the innovations of techno-logically related firms.
Book Synopsis Design and Evaluation of Tax Incentives for Business Research and Development : Good Practice and Future Developments : Final Report by :
Download or read book Design and Evaluation of Tax Incentives for Business Research and Development : Good Practice and Future Developments : Final Report written by and published by . This book was released on 2009 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a follow up of the November 2006 Communication "Towards a more effective use of tax incentives in favour of R&D" (COM(2006)728), the expert group "R&D tax incentives evaluation" was established to address the need to improve the evaluation of R&D tax incentives, both at individual firm level and on the economy at large, building on identified best practices from the EU and abroad. The key issue examined was the coherence between the methodologies used for evaluating the effectiveness of R&D tax incentives in Europe as to facilitate the comparison of evaluation results and foster mutual policy learning amongst Member States. Findings are summarised in the report "Comparing practices in R&D tax incentives evaluation". In 2009, the tax expert group re-examined the current guidelines on the design and evaluation of R&D tax incentives (first developed in 2005), assessed the impact of tax incentive schemes on R&D investment location, and analysed the relationship between tax incentives schemes and R&D collaboration. The work of the group also examined the role of financing constraints on the ability of firms to undertake R&D investments. A one day workshop with national experts from Member States was held in Brussels in October 2009. This final report of the group comprises a main report and annexed papers covering: the effect of R&D tax incentives on location of R&D investment, tax incentives for industry-science collaboration, financing constraints for industrial innovation, and summaries of R&D tax incentive schemes in EU and non-EU countries. It provides important insights for ongoing policy discussions on best-practice in the design, implementation and evaluation of R&D tax incentive schemes.
Book Synopsis Tax Policy for Innovation by : Bronwyn H. Hall
Download or read book Tax Policy for Innovation written by Bronwyn H. Hall and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large number of countries around the world now provide some kind of tax incentive to encourage firms to undertake innovative activity. This paper presents the policy rationale for these incentives, discusses their design and potential effectiveness, and reviews the empirical evidence on their actual effectiveness. The focus is on the two most important and most studied incentives: R&D tax credits and super deductions, and IP boxes (reduced corporate taxes in income from patents and other intellectual property).
Book Synopsis The Impact of R&D Tax Incentives on Country's Location Attractiveness and Firm's Innovation Activities by : Daniela Steinbrenner
Download or read book The Impact of R&D Tax Incentives on Country's Location Attractiveness and Firm's Innovation Activities written by Daniela Steinbrenner and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Innovation Policy Impact by : Jakob Edler
Download or read book Handbook of Innovation Policy Impact written by Jakob Edler and published by Edward Elgar Publishing. This book was released on 2016-07-27 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation underpins competitiveness, is crucial to addressing societal challenges, and its support has become a major public policy goal. But what really works in innovation policy, and why? This Handbook, compiled by leading experts in the field, is the first comprehensive guide to understanding the logic and effects of innovation polices. The Handbook develops a conceptualisation and typology of innovation policies, presents meta-evaluations for 16 key innovation policy instruments and analyses evidence on policy-mix. For each policy instrument, underlying rationales and examples are presented, along with a critical analysis of the available impact evidence. Providing access to primary sources of impact analysis, the book offers an insightful assessment of innovation policy practice and its evaluation.
Book Synopsis The Impact of R&D Tax Incentives on Country's Location Attractiveness and Firm's Innovation Activities by : Daniela Steinbrenner
Download or read book The Impact of R&D Tax Incentives on Country's Location Attractiveness and Firm's Innovation Activities written by Daniela Steinbrenner and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technological Innovation by : Donald E. Cunningham
Download or read book Technological Innovation written by Donald E. Cunningham and published by . This book was released on 1977 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Behavioral Additionality Effects of a Tax Incentive Program on Firms' Composition of R&D Investment by : Xiaoyong Dai
Download or read book The Behavioral Additionality Effects of a Tax Incentive Program on Firms' Composition of R&D Investment written by Xiaoyong Dai and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the behavioral additionality effects of a unique high- and new- technology enterprise (HNTE) program in China. The program provides a reduced corporate income tax to certificated HNTEs. By distinguishing research expenses from development costs, we examine if the tax incentive program affects firms' composition of R&D investment, based on a sample of Chinese listed firms. The results indicate that the tax incentive program encourages firms to focus more on development than on research. The effects are also found to be heterogeneous among the first-time, repeated, and one-time certification users. The results imply that tax incentives prompt firms to invest in short-term development opportunities with promising private returns. Conversely, they are less likely to stimulate risky research projects with potential high rates of social and long-term economic returns. Our study highlights the importance of understanding the behavioral additionality effects for innovation policy evaluations and better policy designs.
Book Synopsis Effectiveness of Fiscal Incentives for R&D by : Irem Guceri
Download or read book Effectiveness of Fiscal Incentives for R&D written by Irem Guceri and published by International Monetary Fund. This book was released on 2017-03-31 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: With growing academic and policy interest in research and development (R&D) tax incentives, the question about their effectiveness has become ever more relevant. In the absence of an exogenous policy reform, the simultaneous determination of companies’ tax positions and their R&D spending causes an identification problem in evaluating tax incentives. To overcome this identification challenge, we exploit a U.K. policy reform and use the population of corporation tax records that provide precise information on the amount of firm-level R&D expenditure. Using difference-in-differences and other panel regression approaches, we find a positive and significant impact of tax incentives on R&D spending, and an implied user cost elasticity estimate of around -1.6. This translates to more than a pound in additional private R&D for each pound foregone in corporation tax revenue.
Book Synopsis Innovation and Public Policy by : Austan Goolsbee
Download or read book Innovation and Public Policy written by Austan Goolsbee and published by University of Chicago Press. This book was released on 2022-03-25 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.
Book Synopsis The Measurement of Scientific, Technological and Innovation Activities Frascati Manual 2015 Guidelines for Collecting and Reporting Data on Research and Experimental Development by : OECD
Download or read book The Measurement of Scientific, Technological and Innovation Activities Frascati Manual 2015 Guidelines for Collecting and Reporting Data on Research and Experimental Development written by OECD and published by OECD Publishing. This book was released on 2015-10-08 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The internationally recognised methodology for collecting and using R&D statistics, the OECD's Frascati Manual is an essential tool for statisticians and science and innovation policy makers worldwide. It includes definitions of basic concepts, data collection guidelines, and classifications ...
Book Synopsis Research and Development Tax Reliefs by : Maria Kitt
Download or read book Research and Development Tax Reliefs written by Maria Kitt and published by Bloomsbury Professional. This book was released on 2018-07-27 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is your company making the most of R&D tax relief incentives? UK R&D tax reliefs are at their highest ever level following the Finance Act 2018 changes. This book provides an up-to-date guide to claiming UK R&D tax reliefs effectively. The government's initiative to encourage innovation and inward investment in research and development gives the incentives new permanence and importance, as the reliefs embrace all types of business irrespective of size. Research and Development Tax Reliefs, Third Edition contains an insightful analysis of these important and complex corporation tax incentives for innovative companies. It provides complete, easy to follow guidance on the legislation, HMRC interpretations and recent tax case law in one convenient place. The author is an expert in the field. As the UK 'Brexit' deepens, many important EU research programmes have received government commitment to their continuity. Many sectors now reach to global marketplaces, and the international context of the UK's R&D relief programme is fully explored. Providing expert guidance on global tax incentive frameworks, and international comparisons, the book provides an insight into the incentive frameworks in which the UK will find itself. Other key updates: - Coverage of the key changes to the Research and Development Tax Code introduced in Finance Act 2018 - Guidance on the latest HMRC interpretations affecting R&D tax reliefs and commentary upon the latest tax case decisions impacting R&D incentives - Up to the minute case studies taken from a broad range of industries and 'live' scenarios - Worked examples of both SME and RDEC reliefs and the special situations affecting these - Check lists of eligible R&D cost sources and HMRC record-keeping requirements - Updated summaries of the new Patent Box and Creative Sector Reliefs - State Aid: Rarely far from the news with the important Apple and Amazon decisions, EU State Aid regulations underline the R&D relief framework. The book provides simplistic guidance on defining the SME and the impact of multi-faceted tax legislation. - Grant and direct funding – the book provides a 2018 'round-up' of funding programmes for innovative businesses and how to access these.
Book Synopsis The Incentive Effects of R&D Tax Credits by : Ming-Chin Chen
Download or read book The Incentive Effects of R&D Tax Credits written by Ming-Chin Chen and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates whether an increase in the R&D tax credit rate stimulates firms' incremental R&D spending, and whether firms plan their R&D spending to take advantage of additional tax credits for incremental R&D spending. We find that the increase in the credit rate has a positive effect on the R&D spending of high-tech firms with taxable status, but does not have the same positive effect on non-high tech firms. In magnitude terms, the increased R&D spending for high-tech (non-high tech) firms is about 27% (6.6%), or 16.78% for the overall sample, which translates into credit-induced increase in R&D spending in Taiwan at $4.58 per dollar of revenue forgone. These results indicate that tax incentives alone may not be effective to increase R&D spending if firms do not have profitable innovation opportunities. Further, we find that when the tax incentive is structured as a credit based on incremental R&D spending over a moving-average base, firms opportunistically time their R&D spending patterns to obtain additional tax credits, resulting in greater variability in R&D spending and potentially unintended loss of tax revenues. This study contributes to the ongoing global debate about the efficacy of tax policies towards R&D, especially in emerging economies, by providing first-time firm-level evidence from a large cross-section of Taiwanese firms.
Book Synopsis Design Features of Income-based Tax Incentives for R&D and Innovation by : Ana Cinta González Cabral
Download or read book Design Features of Income-based Tax Incentives for R&D and Innovation written by Ana Cinta González Cabral and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax incentives that provide preferential tax treatment to the incomes arising from research and development (R&D) and innovation activities, such as intellectual property regimes, have become widespread in recent years. This paper describes the key design features of tax incentives available in 49 member countries of the Inclusive Framework on BEPS (IF), covering all OECD countries and EU countries. It outlines differences in the design of such incentives that may translate into differences in the tax benefits offered. The information collected and reported in this paper is a first step towards a more systematic comparison of tax support policies for R&D and Innovation.
Book Synopsis Cost and Uptake of Income-based Tax Incentives for R&D and Innovation by : Silvia Appelt
Download or read book Cost and Uptake of Income-based Tax Incentives for R&D and Innovation written by Silvia Appelt and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the increasing adoption of income-based tax incentives for R&D and innovation in the OECD area and beyond, evidence on the availability, design, generosity and actual cost of these incentives remains scarce. This report helps fill this gap by documenting government efforts to provide preferential tax treatment of economic outputs of innovation activities. Drawing on the responses of national contact points to the OECD KNOWINTAX surveys carried out in 2020 and 2021, it presents new evidence on the cost (foregone tax revenues) and uptake of income-based-tax incentives by businesses in 2019, and tracks their distribution by firm size and industry and their evolution over the 2000-2019 period.
Book Synopsis The Internationalisation of Business R&D Evidence, Impacts and Implications by : OECD
Download or read book The Internationalisation of Business R&D Evidence, Impacts and Implications written by OECD and published by OECD Publishing. This book was released on 2008-06-06 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses trends in the offshoring of R&D, examines its drivers and motivations, and identifies implications for innovation policy.
