The Patent box policies report reviews the literature on patent box policies and looks at the likely impacts of adopting a patent box in Australia.
A patent box is a policy tool that applies a lower rate of corporation tax to any profits made from patented intellectual property (IP) assets. A patent box regime targets the last stage of the innovation lifecycle, namely commercialisation. A number of countries have adopted patent box polices to attract mobile IP income and encourage innovation.
We received responses from:
- Cook Australia
- Medical Technology Association of Australia.