By ET Bureau - March 17, 2021 2 Mins Read
Ayming, the international business performance consultancy, has today launched the 4th edition of The Benchmark, its simple and effective tool for comparing international R&D.
Complete with individual profiles, across 15 major countries, Ayming has leveraged its global R&D tax expertise to publish a yearly independent review of tax regimes. No two tax regimes are exactly alike and extracting the relevant information requires analysing and interpreting lots of legislative documents. The Benchmark gives businesses an informative, simple and user-friendly guide to global R&D schemes.
The Benchmark has been updated by Ayming’s international R&D tax experts and includes a series of comparative metrics which break down incentive schemes according to generosity of the scheme and ease of application. International incentive schemes are constantly evolving, so Ayming updates this guide regularly with the latest edition including Germany’s new R&D Tax scheme, which is now open for submissions. The simple visual overview allows the in-depth methodology to be easily digested and directly compared.
Mark Smith, Partner for Innovation Incentives at Ayming UK said, “Businesses and governments recognise the advantages of boosting R&D investment. When investing in an R&D project, businesses must decide which location best suits their project. However, existing comparative research can be long and complex making it difficult for companies to understand key information on the R&D tax processes of other countries. The Benchmark cuts through that complexity. When we introduced the Benchmark four years ago, we had a clear goal; making it easier for businesses to boost their R&D spending and feel more confident that they are getting the most out of the tax incentives on offer around the world. We’re delighted that The Benchmark continues to offer this clarity.”
The Benchmark helps businesses to answer key questions for each country included, such as:
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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