A research report has been released suggesting that one of the most effective ways to stimulate investment in R&D is by establishing an R&D tax credit scheme.
US policy-makers are being advised that having a permanent and well-established R&D tax credit in place will be more effective than having a temporary one.
In its recent report, boutique consultancy firm Pugatch Consilium suggests to policy-makers that R&D tax credits are an effective way for governments to use market-based mechanisms to stimulate private sector R&D investment, and generous R&D tax credits are more likely to increase the innovative capacity of the country.
Evidence shows that by decreasing the cost of R&D – through the use of tax credits – investment in R&D can actually increase both over the long and short term. David Torstensson, a senior consultant at Pugatch Consilium, says: “The report highlights the importance of the federal private sector R&D tax credits and the need to extend the current tax credit to [stimulate] investment.”
Barbara Njau | 01/03/2012 4:06 pm
This article is sourced from fDi Magazine
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