The Role of Tax Incentives in the Promotion of Innovation and Entrepreneurship: A Time and a Place

Chris Evans () and Sally-Ann Joseph ()
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Chris Evans: UNSW Sydney
Sally-Ann Joseph: UNSW Sydney

Chapter Chapter 3 in Government Incentives for Innovation and Entrepreneurship, 2022, pp 39-60 from Springer

Abstract: Abstract Incentives are commonly used to stimulate and promote innovation and entrepreneurship in both developed and developed countries. However, the choice of incentive varies depending on particular circumstances, goals sought, and stage of innovation. This chapter defines the key concepts and discusses direct, indirect, and research and development incentives. Tax incentives can be income or expenditure based, and applicable to the business, its staff, and/or investors. Ultimately the choice of incentive is policy driven, in terms of being either targeted or general in nature and in terms of being either permanent or serving short-term objectives. There are as many options as there are considerations and best practice depends on each country’s policy needs and stage of development.

Keywords: Innovation and entrepreneurship; Expenditure-based tax incentives; Income-based tax incentives; R&D tax incentives; Developed Countries; Developing countries (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-3-031-10119-9_3

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DOI: 10.1007/978-3-031-10119-9_3

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