The world’s richest countries are increasingly offering tax benefits to encourage multinational companies to invest in research and development, at the expense of innovative SMEs, according to a new report.
"Supporting Investment in Knowledge Capital, Investment and Innovation," a report by the Organisation for Economic Cooperation and Development (OECD), found that 27 of the organisation’s 34 members provided tax incentives to support business R&D during 2011, more than twice the number offering such incentives in 1995.
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