Chilean government hopes to spur scientific investment.
The Chilean government hopes that a tax incentive will boost investment in research and development (R&D), and create jobs. The scheme triples the maximum tax credit for research-investment costs; eliminates a 15% tax on gross sales, easing the financial burden for entrepreneurs and start-ups; and can offset costs related to securing intellectual-property rights. The law will come into effect this year. Pablo Longueira, Chile's economics minister, expects companies in mining, forestry, energy, agriculture and aquaculture to expand their research. “We believe that many of the new PhDs that are currently being trained outside of the country will return to work for R&D projects under this new law,” he says.
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Tax credit for research. Nature 482, 431 (2012). https://doi.org/10.1038/nj7385-431b
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DOI: https://doi.org/10.1038/nj7385-431b