U.K. Patent Box Scheme Hits Mark in Raising Innovation Capital

摘要

A new report by the Biolndustry Association and Ernst & Young LLP says the U.K.'s "patent box" tax scheme is helping the country maintain its competitiveness. However, the report comes amid a new round of criticisms, including another report that claims the tax scheme facilitates profit shifting between countries and has made the U.K. a "rogue state in the world of corporation tax". The BIA/EY report, issued on Oct. 7, said innovation capital raised by U.K. life sciences companies in the first half of calendar year 2014 was 50% more than the same period last year and is part of the financing growth of the European life sciences sector.