UK Patent box: a real motor for growth?0

• Op-ed, Social and Economic Policy
• 13/01/2016

The LuxLeaks scandals brought to light how multinationals in the EU avoided paying millions of dollars in corporate taxes. A year after, the OECD presented the final package of the international tax reforms discussed previously by the G20 finance ministers. One of its key focuses is the amendment of the IP (intellectual property) regime, such as the patent box regime, so it can create real activity, as opposed to only a way to shift profits for multinationals. The question now is whether the changes will spur growth or not.