| Autor: |
Tibor Hanappi, Ana Cinta González Cabral, Silvia Appelt |
| Rok vydání: |
2021 |
| Předmět: |
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| Zdroj: |
OECD Taxation Working Papers. |
| ISSN: |
2223-5558 |
| DOI: |
10.1787/ff9a104f-en |
| Popis: |
R&D tax incentives have become a widely used policy tool to promote business R&D. How do they shape firms’ incentives to invest in R&D? This paper contributes a methodology to construct forward-looking effective tax rates for an R&D investment that reflect the value of expenditure-based R&D tax incentives. The new OECD estimates cover 48 countries and consider the case of large profitable firms, accounting for the bulk of R&D in most economies. The results provide new insights into the generosity of R&D tax incentives from the perspective of firms that decide on whether or where to invest in R&D (extensive margin) and the level (intensive margin) of R&D investment. The generosity of the favourable tax treatment of R&D is shown to vary at the intensive and extensive margins, highlighting differences in countries’ strategies to support R&D through the tax system. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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