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Wednesday, October 29, 2014

Germany issues warning over ‘patent boxes’ tax subsidy

Germany issues warning over ‘patent boxes’ tax subsidy: "Germany has warned that corporate tax subsidy arrangements known as “patent boxes” are acceptable in the European Union only as a reward for research and investment by companies in member states, not as a new tax-avoidance tool.
It comes as the Minister for Enterprise and Innovation Richard Bruton said US multinationals plan to advise the Government on what should be in the proposed “knowledge box” tax scheme.
Speaking on a five-day US trade mission, Mr Bruton said he had received “very positive feedback” on the budgetary changes in meetings with US companies in Boston on Monday and the Washington DC area yesterday."



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