Tax laws must encourage IP investment, CBI suggests
Date posted: 16 Sep 2009
The government should try and make the UK an attractive place for innovative businesses to invest by ensuring laws surrounding intellectual property (IP) are favourable towards them.
That is according to the Confederation of British Industry (CBI), which believes that a re-think of the tax system may be required to encourage more firms to invest in the country.
The organisation wants to see ministers ensure that future tax changes make the UK appear an attractive place for companies to develop and exploit IP.
The government should try and make the UK an attractive place for innovative businesses to invest by ensuring laws surrounding intellectual property (IP) are favourable towards them.
That is according to the Confederation of British Industry (CBI), which believes that a re-think of the tax system may be required to encourage more firms to invest in the country.
The organisation wants to see ministers ensure that future tax changes make the UK appear an attractive place for companies to develop and exploit IP.
CBI president Helen Alexander recently suggested that IP-intensive firms may need more encouragement to invest in the UK.
Speaking at the body''s annual east of England dinner in Duxford, Cambridge, which was attended by several lawyers from Taylor Vinters, she said: "We must have a stable and competitive tax framework if we''re to incentivise IP development and exploitation.
"Change and uncertainty undermine the confidence of those making long-term investment decisions."
The CBI recently called on ministers to do more to help businesses researching and developing new technologies in the low carbon sector.
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