International R&D Tax Incentives - Get Ready for the Global Innovation-Based Economy

Today's global R&D incentive regime is rooted in global competitiveness concerns. Increasingly, large multinationals have multiple major R&D centers throughout the world. There are numerous benefits from operating a global R&D structure, some of which include: 1. enhancement capacity, 2. blending, and 3. local market knowledge. For tax professionals, working on R&D issues can be one of the most interesting and rewarding aspects of tax practice. Tax professionals can be of great assistance in supporting a culture of innovation, which is a critical function, at most companies. Those tax advisors that make the most effort to understand the technical trends and drivers impacting the industry they serve will reap the greatest reward.