The OECD has issued a statistical release on income-based tax incentives for R&D and innovation (IBTIs).

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Income-based R&D tax incentives reduce firms' tax liabilities by 35% on average in OECD countries in 2024

Income-based tax incentives for R&D and innovation (IBTIs) feature in the innovation policy toolbox of most OECD countries and other major economies. IBTIs reduce ta…