Multimedia

Patent Boxes: Innovation in Tax Policy and Tax Policy for Innovation

October 4, 2011
A patent box reduces corporate tax rate on revenue from qualifying IP, based in part on corresponding R&D and production conducted domestically.

One of the most interesting policy developments in the global innovation race is known as a patent box, which provides preferential tax treatment for corporate income that comes from patented products. The goal is to encourage commercialization of R&D. Most people in the United States have never heard of patent boxe