On 20 September, 2011, the OECD released its tenth issue of the “OECD Science, Technology and Industry Scoreboard” which highlights economies using research and development incentives as a means of recovering from the recent financial and sis. The OECD notes that emerging players such as the BRIICS (Brazil, Russia, India, Indonesia, China, and South Africa) are becoming more integrated in the global economy. In efforts to attract business investment, established economies are actively using R&D incentives to attract business investment. Some of these examples include the United Kingdom’s plan to introduce a patent box regime and the recently approved R&D tax incentives in Australia for Australian-owned subsidiaries and permanent establishments of multinational companies that would enable those businesses to claim the R&D tax offset regardless of intellectual property ownership.
Although a variety of factors affect a business’ decision to locate its R&D operations in a jurisdiction, in this issue, we take a closer look at the structuring of R&D activities in the Asia-Pacific region, focusing on four countries that offer significant R&D incentives: Australia, China, India, and Japan.