Innovative companies play an extremely important role in their national economies ― which is why many grant programmes and tax incentives have been created 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.
Our R&D professionals are trained to identify and document research expenditures. Your global strategy might call for other options about where you spend your R&D dollars ― based on ownership of intellectual property and jurisdictional relief. At PwC, our team, which includes international tax specialists, can help large multinational companies like yours take advantage of available incentives, consider the effect on transfer pricing, and review your company’s global tax strategy for cross-border structuring. We bring together both your global and local staff to train them in how to devise and implement strategies to: