2014 Global Survey of Research and Development Tax Incentives

Analysis

Survey of Global Investment and Innovation Incentives

The survey of Global Investment and Innovation Incentives (Gi3) reflects the wide variety of tax and fiscal policies adopted by governments worldwide to promote business research and development (R&D). Many of the countries reviewed in this 6th edition of Deloitte's Global Survey of R&D Incentives have changed their laws or policies since the last edition in March 2014.

About the Gi3 survey

The survey of Global Investment and Innovation Incentives (Gi3) reflects the wide variety of tax and fiscal policies adopted by governments worldwide to promote business R&D. Most of the 34 Organization for Economic Co-Operation and Development (OECD) countries offer preferential tax treatment to R&D expenditure—including current deductions, allowances and credits, and accelerated depreciation of R&D capital expenditure. A number of countries have innovation or patent boxes, under which income attributable to intellectual property (IP) developed through R&D is taxed at favorable rates. In addition, all OECD countries offer R&D grants, loans, or other fiscal incentives.

There is no consistent global trend reflecting a movement toward curtailing or expanding R&D incentives. In fact, some countries expanded select incentives and curtailed others. The following is a brief review of the changes since March 2014, which demonstrates that many governments are continuing to search for the right mix of incentives to encourage the growth of R&D in their countries.

Many of the countries reviewed in this 6th edition of Deloitte’s Global Survey of R&D Incentives have changed their laws or policies since the last edition in March 2014.


Gi3 survey preface

This version reflects that out of the 34 countries covered in the Global Survey:

  • Thirteen countries expanded their R&D incentives
  • Three curtailed their R&D incentives
  • Five clarified their R&D incentives
  • Seven countries have proposed changes to their R&D incentives
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