Tax Incentives as an Innovation Policy Tool in New Member States of the EU

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F20%3A00114526" target="_blank" >RIV/00216224:14560/20:00114526 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Tax Incentives as an Innovation Policy Tool in New Member States of the EU
Original language description
Research and development is considered to be an essential source of innovation, especially of radical innovation. However, conducting research and development is expensive, and its results are uncertain. National governments, therefore, seek to motivate enterprises to invest in R&D by providing them with support for research activities. Direct support in the form of subsidies is the most commonly used instrument. On the other hand, in the last 15 years, indirect R&D support has become a popular tool for research enhancement. This kind of support lies in providing various tax incentives for R&D expenditures, such as R&D tax credit, R&D tax allowance, payroll withholding tax credit, accelerated depreciation for R&D capital and social security contributions. With respect to the European competition law, such support is not considered state aid. The article deals with the use of tax incentives for research and development in countries that entered the EU in 2004. We compare the instruments used and their fundamental characteristics. The contribution also discusses the advantages and disadvantages of indirect support compared to direct support.
Czech name
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Czech description
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Project
<a href="/en/project/GA20-03037S" target="_blank" >GA20-03037S: Towards a dynamic knowledge-based business model for open innovations</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 5th International Conference on European Integration 2020
ISBN
9788024844558
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
942-949
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Jan 1, 2020
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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