The impact of tax incentives on the process of innovation creation in Polish economy

ANNA, WILDOWICZ-GIEGIEL and R., DZIEMIANOWICZ (2015) The impact of tax incentives on the process of innovation creation in Polish economy. In: Third International Conference on Advances in Social Science, Economics and Management Study- SEM 2015, 26 - 27 May,2015, Birmingham B42 2SU, UNITED KINGDOM.

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Abstract

The effective implementation of fiscal instruments in innovation policy, can help countries to achieve sustained economic growth and improve their competitiveness. In case of Poland, the lack of fiscal incentives which could increase business sector’s propensity to invest in R&D and encourage greater cooperation in the area of research and innovation, appears to be the serious hindrance in narrowing the technology gap in comparison to the most innovative economies. The paper analyzes the most popular types of R&D tax incentives, taking into account their effectiveness, such as tax credits, enhanced allowances, accelerated depreciation or preferential tax rates. The results of conducted analysis reveal that the existing fiscal incentives in Poland encourage only imitation or are directed to the selected entities. The Polish model of R&D financing is based mainly on state subsidies and structural funds, however following the solutions of more experienced countries, there is an urgent need to introduce new fiscal incentives in order to increase the amount of business expenditure on R&D.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: tax incentives, R&D, innovation
Depositing User: Mr. John Steve
Date Deposited: 30 Apr 2019 11:44
Last Modified: 30 Apr 2019 11:44
URI: http://publications.theired.org/id/eprint/1741

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