In 2023, Iceland leads with a 42.0% implied tax subsidy rate on R&D expenditures for loss-making SMEs, followed by France at 36.0%. Most countries maintain their rates, with slight variations noticed, such as a 3.49% drop in France and a 20.11% increase in Greece from 2022 levels. The United States saw a significant decrease of 12.94%. Over the last five years, rates have shown minimal change, indicating stable support levels across most regions.
Looking ahead, potential fluctuations in tax subsidy rates for R&D could stem from economic policies aimed at boosting innovation, global economic shifts, and evolving government priorities in technological advancement and competitiveness.
Top countries in Implied Tax Subsidy Rates on R&D Expenditures for Loss-Making SMEs by Country
| # | 10 Countries | Indexes | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 0.42 | 2022 | 0% | View data | |
| 2 | 2 France | 0.36 | 2022 | -2.7% | -3.49% | View data |
| 3 | 3 Netherlands | 0.31 | 2022 | -18.42% | +0.66% | View data |
| 4 | 4 Canada | 0.31 | 2022 | 0% | 0% | View data |
| 5 | 5 Poland | 0.28 | 2022 | +64.71% | View data | |
| 6 | 6 United Kingdom | 0.27 | 2022 | 0% | 0% | View data |
| 7 | 7 Chile | 0.26 | 2022 | 0% | View data | |
| 8 | 8 Spain | 0.26 | 2022 | 0% | 0% | View data |
| 9 | 9 Ireland | 0.22 | 2022 | 0% | -0.89% | View data |
| 10 | 10 Slovakia | 0.22 | 2022 | -48.84% | View data |
