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Policy Forum: Patent Box Regimes--A Vehicle for Innovation and Sustainable Economic Growth

Author

Listed:
  • Albert De Luca

    (Deloitte LLP, Montreal)

  • Joanne Hausch

    (Deloitte LLP, Vancouver)

Abstract

Innovation is widely recognized as the key to sustainable economic growth. Because people and projects are mobile in this global marketplace, companies have many investment options, and countries must compete for business investment. Research and development incentives are therefore very important, and patent box regimes are becoming more and more popular. However, there are also international concerns about harmful tax practices and base erosion and profit shifting (BEPS). Patent box regimes are addressed by the Organisation for Economic Co-operation and Development in action 5 of its BEPS action plan. In this article, the authors review the concept of the patent box and consider the effectiveness of this type of incentive in driving innovation and prosperity. A review of patent box regimes around the world is provided, with summaries of new regimes enacted or proposed in a number of key jurisdictions. Finally, Canadian developments in this area--existing and potential--are considered.

Suggested Citation

  • Albert De Luca & Joanne Hausch, 2017. "Policy Forum: Patent Box Regimes--A Vehicle for Innovation and Sustainable Economic Growth," Canadian Tax Journal, Canadian Tax Foundation, vol. 65(1), pages 39-60.
    • Handle: RePEc:ctf:journl:v:65:y:2017:i:1:p:39-60
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    File URL: https://www.ctf.ca/EN/Publications/CTJ_Contents/2017CTJ1.aspx
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    Citations

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    Cited by:

    1. Gürlek, Elif, 2021. "Corporate Taxation in the U.S. and Canada – A Comparative Analysis," Junior Management Science (JUMS), Junior Management Science e. V., vol. 6(3), pages 489-506.
    2. John Lester & Jacek Warda, 2018. "An International Comparison of Tax Assistance for R&D: 2017 Update and Extension to Patent Boxes," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 11(13), April.

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