Reports

ITIF

Contributors and Detractors: Ranking Countries’ Impact on Global Innovation

January 30, 2016

Robust innovation is essential for economic growth and social progress around the world. Until now, most studies of innovation policy looked at how nations’ policies affect innovation in their own country. This report assesses 56 countries—which comprise almost 90 percent of the global economy—on 27 factors reflecting the extent to which their economic and trade […]
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PPI

Should the United States Adopt an Innovation Box?

October 9, 2015

This policy brief examines the positives and negatives of the patent/IP/ innovation box. This issue is increasingly relevant given the OECD’s recent release of new principles governing the global tax system. On October 5, the OECD released the final reports of their Base Erosion and Profit Sharing (BEPS) Project. The comprehensive recommendations in the reports […]
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AEI

The case for ‘an innovation box’

April 28, 2015

An innovation box would encourage economic growth by imposing lower tax rates on income that accrues to patents, copyrights, unique production processes, and other innovations that result from research and investment. Among its myriad flaws, the US tax code does a poor job of incentivizing domestic research and investment, crucial ingredients to future US economic […]
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ITIF

Patent Boxes: Innovation in Tax Policy and Tax Policy for Innovation

October 17, 2011

An effective corporate tax system reflects current economic realities. As such, the U.S. corporate tax system is in need of reform, for it reflects economic realities of a generation ago. Today, the U.S. economy faces intense global competition for economic advantage, particularly in innovation-based, higher wage industries. Moreover, the economy is based more on innovation […]
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