In 2023, Portugal, Iceland, and France led in implied tax subsidies for R&D, showcasing strong support for innovation. Spain and Chile also remained competitive. The United States faced a significant decline, contrasting with the UK's increase. Most countries maintained stable rates, indicating consistent R&D support.
Future trends suggest potential enhancements in subsidy rates globally to boost R&D, particularly in technology sectors. Countries with minimal or negative rates, like the United States and Japan, may reassess their approaches to remain competitive. Monitoring policy shifts will be crucial as nations strive to foster innovation amid evolving economic landscapes.
Top countries in Implied Tax Subsidy Rates on R&D Expenditures for Loss-Making Large Firms by Country
| # | 10 Countries | Indexes | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 0.31 | 2022 | 0% | View data | |
| 2 | 2 Iceland | 0.3 | 2022 | 0% | View data | |
| 3 | 3 France | 0.29 | 2022 | -3.33% | -2.55% | View data |
| 4 | 4 Chile | 0.26 | 2022 | 0% | View data | |
| 5 | 5 Spain | 0.26 | 2022 | 0% | 0% | View data |
| 6 | 6 Lithuania | 0.25 | 2022 | 0% | View data | |
| 7 | 7 Colombia | 0.25 | 2022 | +4.17% | View data | |
| 8 | 8 Ireland | 0.22 | 2022 | 0% | -0.89% | View data |
| 9 | 9 Slovakia | 0.22 | 2022 | -48.84% | View data | |
| 10 | 10 Norway | 0.22 | 2022 | 0% | View data |
