31% of companies plan to use R&D tax breaks in 2018 – KPMG

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Nearly a third of companies (31 percent) plan to use the R&D tax breaks in 2018, while 64 percent intend to increased R&D spending within the next three years, according to a report published by consultancy KPMG. Out of the companies that plan to increase investments, 49 percent are going to increase investment budget by no more than 5 percent compared to current outlays. Compared to last year’s results, where no companies were planning on decreasing innovation spending, this year as many as 12 percent admitted that they want to cut down on investment in innovation. According to KPMG, in 2017 only 14 percent of companies used the R&D tax break, 3 pp more than in 2016.

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