In 2013, the United Kingdom introduced tax incentive policies called a Patent Box, designed to encourage greater research and development initiatives by reducing the tax paid on profits from patented products. Since its introduction, the Patent Box system has grown in popularity and has caught the attention of other countries. This summer, the U.S. House of Representatives introduced a plan that would offer similar tax breaks to U.S. companies. In this podcast, Finnegan attorneys Philip L. Cupitt and Aaron J. Capron discuss the Patent Box system and how it may impact innovation for U.S. companies.
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