Tax Policy for Innovation

Bronwyn H. Hall

No 25773, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: A large number of countries around the world now provide some kind of tax incentive to encourage firms to undertake innovative activity. This paper presents the policy rationale for these incentives, discusses their design and potential effectiveness, and reviews the empirical evidence on their actual effectiveness. The focus is on the two most important and most studied incentives: R&D tax credits and super deductions, and IP boxes (reduced corporate taxes in income from patents and other intellectual property).

JEL-codes: H25 O32 O38 (search for similar items in EconPapers)
Date: 2019-04
New Economics Papers: this item is included in nep-acc, nep-ino, nep-pbe, nep-pub, nep-sbm and nep-tid
Note: PE PR
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Citations: View citations in EconPapers (10)

Published as Tax Policy for Innovation , Bronwyn H. Hall. in Innovation and Public Policy , Goolsbee and Jones. 2022

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Related works:
Chapter: Tax Policy for Innovation (2020)
Working Paper: Tax Policy for Innovation (2019)
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