UK: autumn statement

IP tax highlights (more to follow when I’m back from Chicago and have time to see the detail):

  • will introduce a new ‘above the line’ research and development tax credit in 2013 that will increase its visibility and generosity (devil, detail, etc – but arguably the large company relief needs something doing to it, it’s almost useless)
  • non-tax: funds for smaller technology firms in Britain who find it difficult to turn their innovations into commercial success
  • non-tax: almost half a billion pounds for scientific projects, from supercomputing and satellite technology to a world-beating animal health laboratory

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