The 2023 implied tax subsidy rates on R&D expenditures show Portugal leading at 39.0, with consistent values in Spain, Chile, Slovakia, Brazil, China, Slovenia, Italy, Germany, and others, maintaining stable rates. Notably, Greece experienced a significant increase of 21.06% in 2022, while the United States faced a substantial decline of 12.94%. Over the past five years, the CAGR indicates a modest average change in most countries, reflecting general stability in tax incentive structures for R&D investments.
Future trends to watch include potential policy changes in countries with decreasing subsidies like the U.S. and South Korea. Additionally, European countries may continue adjusting their rates to remain competitive amidst evolving global economic and technological landscapes.
Top countries in Implied Tax Subsidy Rates on R&D Expenditures for Profitable Large Firms by Country
| # | 10 Countries | Indexes | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 0.39 | 2022 | 0% | View data | |
| 2 | 2 France | 0.36 | 2022 | -2.7% | -3.49% | View data |
| 3 | 3 Colombia | 0.35 | 2022 | +6.06% | -1.11% | View data |
| 4 | 4 Spain | 0.33 | 2022 | 0% | 0% | View data |
| 5 | 5 Chile | 0.32 | 2022 | 0% | View data | |
| 6 | 6 Slovakia | 0.28 | 2022 | -49.09% | View data | |
| 7 | 7 Ireland | 0.27 | 2022 | 0% | -1.42% | View data |
| 8 | 8 Brazil | 0.27 | 2022 | 0% | View data | |
| 9 | 9 Greece | 0.26 | 2022 | 0% | +21.06% | View data |
| 10 | 10 China | 0.23 | 2022 | 0% | View data |
