30 / 01 / 2020
OECD released the latest R&D tax credits data
On 30 January 2020, the OECD released its update of the R&D tax credits country profiles with the latest internationally comparable information on the design and cost of R&D tax relief to incentivise business R&D. Drawing on the OECD R&D Tax Incentives database, which was updated in December 2019, the profiles highlight trends in the use of R&D tax incentives in the innovation policy mix across countries, including EU Member States. Some key facts emerged from the analysis:- In addition to providing grants, contracts and loans, many governments contribute to business R&D through tax incentives;
- Over the 2006-17 period, total government support for business R&D expenditure as a percentage of GDP increased in 29 out of 45 countries for which data are available;
- Some countries that appear to give little support on the sole basis of direct funding, are in fact providing significant assistance through the tax system;
- A few countries (e.g. Canada, Hungary, Japan, Spain, and the United States), provide R&D tax incentives at both central and subnational level.
