Cross-border effects of R&D tax incentives

Knoll, Bodo ; Riedel, Nadine ; Schwab, Thomas ; Todtenhaupt, Maximilian ; Voget, Johannes

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URN: urn:nbn:de:bsz:180-madoc-606029
Document Type: Article
Year of publication: 2021
The title of a journal, publication series: Research Policy
Volume: 50
Issue number: 9, Article 104326
Page range: 1-20
Place of publication: Amsterdam [u.a.]
Publishing house: Elsevier
ISSN: 0048-7333 , 1873-7625
Related URLs:
Publication language: English
Institution: Business School > ABWL, Taxation and Finance (Voget 2010-)
Pre-existing license: Creative Commons Attribution 4.0 International (CC BY 4.0)
Subject: 330 Economics
Keywords (English): Multinational firms, R&D tax incentives, R&D investment
Abstract: Existing evidence shows that R&D tax incentives boost countries’ private sector R&D. Given the importance ofmultinational enterprises (MNEs) for private sector innovation, it is unclear, however, whether firms engagein genuinely new R&D or whether R&D is reallocated across borders. Drawing on data on unconsolidated R&Dactivity of MNEs in Europe, we provide evidence that responses are dominated by cross-border relocations:More generous tax incentives in one country increase MNEs’ R&D investments in affiliates located there, whilelowering R&D investments in affiliates of the same MNE group located in other countries. Globally, firmshardly raise their R&D activities when tax incentives become more generous.
Additional information: Online-Ressource

Economic SustainabilitySDG 8: Decent Work and Economic GrowthSDG 9: Industry, Innovation and Infrastructure

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