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Territorial systems, 'patent boxes' urged for US tax reform

 
• By Donna Young

The US may be getting closer to adopting lower corporate tax rates, territorial-like systems and incentives like innovation boxes, also called "patent boxes," which would put the nation more in line with other developed countries – that is, if lawmakers pushing for those ideas get their way in the current tax reform efforts in the House and Senate.

The US may be getting closer to adopting lower corporate tax rates, territorial-like systems and incentives like innovation boxes, also called "patent boxes," which would put the nation more in line with other developed countries – that is, if lawmakers pushing for those ideas get their way in the current tax reform efforts in the House and Senate.

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