Brand owners have many incentives to file their IP rights in foreign jurisdictions. One motivator is that some countries have tax reduction schemes designed to attract innovation from overseas businesses.
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30 September 2020 UK patent owners are on track to recover £1.1bn in tax relief from patents for the year 2018-2019, an increase of £29 million compared to the previous year, according to new figures released today by HM Revenue and Customs.