Tax Benefits of Conducting Research and Development at Home and Abroad
February 25, 2021
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?
- 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
- 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