Medical Devices Tax News, August 2011

R&D tax trends: Creating a climate for innovation

As countries focus on maintaining economic balance and hope for steady economic growth, R&D tax incentives have become popular ways to attract investments. Recently, several countries have introduced or propose to introduce incentives for R&D activities in their governments to increase their global competitiveness.

The PwC Global R&D Incentives Group, now made up of more than 30 countries around the world, continues to collaborate to assist clients in examining their global R&D outlay in order to augment their return on investments in light of these developments and trends.

In this issue, the Global R&D Incentives Group highlight recent changes undertaken in a few countries along with developments that may impact R&D planning around the world. Developments include: United Kingdom R&D reform, joint audits, Canada Revenue Agency documentation guidelines, Ireland tax changes, and United States issuance of final regulations that impact the calculation of the Alternative Simplified Credit.

This flash report outlines the major changes introduced by the new law and raises issues for consideration.

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For more information about PwC's Global R&D Incentives Group, click here.


Pharma and Life Sciences Tax News: Vol. 10, No. 8: R&D Tax trends: Creating a climate for innovation