Analyse vedrørende skattefradrag for forskning og udvikling som incitament for investeringer i avanceret produktion
The Production Panel (Produktionspanelet) recommends that Government implements a R&D tax allowance for SMEs based on the study provided by Copenhagen Economics.
Main conclusions of the study:
- Denmark uses a number of tax measures aimed at increasing private R&D expenditure. But where 25 of the 28 EU-countries use extra tax deductions for R&D expenditure, either in the form of a deduction of taxable income (‘tax allowance’) or a direct deduction of taxes (‘tax credit’), Denmark does not.
- There is evidence that these tax measures work to increase private R&D expenditure: An increase in expenses (foregone tax revenue) of 1 pct. for R&D tax incentives will in the long-run lead to a 1 pct. increase in private R&D expenditures – i.e. an elasticity of 1.
- Small firms and start-ups are often more responsive to R&D tax incentives, but larger companies generate larger spill-overs.
- In relation to job-creation, the impact from an extra tax allowance will be strongest in firms characterised by high process- and productcomplexity and a high speed in the development and introduction of new products. It is especially necessary for such firms to place R&D resources close to production as the development and production of new products and processes require active interaction.