The important role innovative companies play in their national economies has led to the enactment of grant programmes and tax incentives to encourage additional research investments by businesses. To encourage research and innovation, many jurisdictions around the globe provide research incentives in the form of tax credits, “super” deductions, or cash grants.
Plus, some jurisdictions provide relief in the form of reduced tax for income associated with technology-based intellectual property. Understanding these tax incentives — along with the impact of transfer pricing, “green” initiatives, intellectual property protection, grants, and capital investments to maximise the return on investments in research — is critical for business decision-makers.
PwC's Global R&D incentives practice has assisted hundreds of clients in improving their return on investment in research.