The UK government has concluded its consultation on a proposed patent box, which it hopes will encourage investment and economic growth and prevent innovative businesses moving intellectual property offshore
The UK government wants to hear what businesses think about its patent box taxation regime, a senior official said today.
Business has responded favourably to consultation documents published by the UK government on plans to introduce a patent box and reform R&D tax credits
GlaxoSmithKline will invest more than £500 million in the UK, after the government confirmed it would provide a tax incentive for patents
The UK has followed some of its European neighbours by introducing a low rate of tax for patent income.
Tax incentives on patent income are at the centre of debate in the EU after the European Commission told Ireland that it must change the way that it taxes patent royalties or face legal action
Read this year's INTA Daily News - published daily by Managing IP direct from the 134th INTA Annual Meeting in Washington DC