According to the latest figures published by the Organisation for Economic Co-operation and Development (OECD) on Tuesday 22 April, almost 55% of the total support for business research and development (R&D) in the OECD area takes the form of tax incentives.
In 2024, 34 of the 38 OECD countries granted tax relief for R&D expenditure, including Estonia for the first time. Costa Rica, Israel, Latvia and Luxembourg were the only four OECD countries without such tax incentives.
Tax subsidy...