Tax Benefits of Conducting Research and Development at Home and Abroad

Innovation is a key driver to a company’s growth in products and services. Today’s multinational companies conduct research and development activities (“R&D”) both here in the U.S. and in other countries closer to customer markets. As you engage in this business, you may ask yourself some of the following questions:

• What are the advantages of carrying out R&D in the U.S. or in other countries?
• What tax incentives and regimes can benefit companies engaged in innovation?
• What strategies can multinational companies follow in determining the best location for holding intellectual property?

Session Topics:

• Overview and applicability of the U.S R&D tax credit
• Outlook on U.S. R&D tax credits under the Biden administration
• Review of European regimes for refundable R&D tax credits
• Considerations for transfer pricing for research costs and monetizing intellectual property
• Walk through U.S. anti-deferral rules including Subpart F and GILTI
• Interplay of R&D credits and foreign tax credits and their ordering rules
• Highlights of European Union directives and OECD guidance

Speakers

• Ronald G. Wainwright, Jr., CPA, Partner, Tax Services, Credits & Accounting Methods Leader | Cherry Bekaert LLP
• Brian D. Dill, J.D., LL.M, Principal, Tax Services, International Tax Leader | Cherry Bekaert LLP
• Moderator: Sarah McGregor, CPA, Director, Tax Services | Cherry Bekaert LLP