OECD Official Wrongly Dismisses the IP BoxMarch 10, 2016
WASHINGTON, DC – American Innovation Matters (AIM) firmly disputes a claim by the Director of the OECD’s Centre for Tax Policy Pascal Saint-Amans that an IP Box tax policy would not foster growth in intellectual property (IP) innovation.
“Mr. Saint-Amans comments ignore the reality that an IP Box spurs domestic investment. That is why 13 countries have adopted the policy since 2000. Recent news from the United Kingdom further supports the importance of a strong IP Box, with the country seeing a 5.7 percent increase in registered patents last year after adopting the policy in 2013. The U.S. must recognize the significance of this correlation and introduce an IP Box policy of its own or be left behind.”
AIM’s membership includes Cisco, Boeing, McGraw Hill Financial, Biogen, Apple, Intel, Adobe, Oracle, Facebook and other companies whose strong investments in R&D and innovation help create new jobs and spur economic growth.