Eight countries have adopted patent boxes in recent years. The UK is slated to implement its own patent box next year. Under a patent box, corporate income attributable to patented products gets taxed a lower rate, sometimes a significantly lower rate. This policy goes beyond providing incentives for R&D and encourages commercialization of new products. It is among the tools more and more countries are using to stay competitive in today's innovation-driven global economy. The U.S. has the infrastructure to have perhaps the most effective patent box in the world. By tying together R&D, high-tech manufacturing, and commercialization of U.S. IP, a well-formulated patent box would establish a potent incentive for companies to develop and produce innovative products in the United States.