UK's 'Patent Box' tax concession slammed by think-tank as poorly targeted
In a presentation given at the launch of the 2010 Green Budget, the UK think-tank the Institute of Fiscal Studies slammed the government's attempts of a tax break for patent income - dubbed the 'patent box' - as an 'expensive and poorly targeted policy' that would only benefit a few large companies. This would reduce corporate tax on income from patents from 28% to 10%, estimated to be worth around £1.3 billion ($2.08 billion).
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