Dec 5, 2014

EU Tax Working Group Proposes Retool of Patent Boxes to Reduce Corporate Tax-Avoidance

The proposal’s goal is to ensure governments don’t grant tax breaks on patent income for technology developed outside their jurisdictions. The working group recommends that the EU adopt a version of the “modified nexus” approach developed by the Organization for Economic Cooperation and Development.

EU Tax Working Group to Propose Retool of Patent Boxes - Bloomberg
European Union nations that offer “patent box” tax breaks should retool their laws so that only deserving companies can claim benefits tied to technical innovations, according to a draft report from a European Union working group.