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As 68 nations signed last week an OECD convention to prevent aggressive tax planning, IPC would like to remind the importance of tax incentives to promote R&D in technology intensive industries like the electronics industry. Among its global advocacy priorities, IPC advocates for lower corporate tax rates and incentives that stimulate business investment and innovation across the globe.
In that spirit, we have released today our position paper calling for ambitious tax deductions to support R&D in the framework of the future EU Common Consolidated Corporate Tax Base (CCCTB). Given the decline in R&D spending over the past years, IPC calls on EU Member States to seize this opportunity to boost innovation, growth and jobs in Europe. Read IPC’s contribution to the debate.
If you have any questions regarding this issue, please contact JohnHasselmann@ipc.org.