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Patent Boxes: Are they an innovative way to race to the bottom?

Newspaper article

Governments around the world are grappling with the question of how to tax the income from intellectual property. Will offering tax breaks - called Patent Boxes after the box companies must tick on their tax forms - lead to a race to the bottom across Europe and who, if anyone, is to benefit.

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The ‘gig economy’ has grown and risen up the policy agenda in recent years. The associated growth in people working through their own businesses and in work happening through platforms highlights difficult questions about when to have boundaries in the tax system and where to put them.
Newspaper article
External publication
Aligning tax rates between employees and the self-employed would reduce inequity while encouraging entrepreneurial risk-taking, says Stuart Adam, senior research economist at the Institute for Fiscal Studies.
The parts of the UK tax system that dictate how different forms of income are taxed are of central importance and are not fit for purpose.