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Authors: Raluca Popa, Partner, Tax Consulting, EY Romania and Claudia Chiran, Senior Manager, Tax Consulting, EY Romania
Globally and in the European Union, investment in research and development (R&D) is recognized as a key driver of innovation, economic growth and competitiveness. World Bank and OECD reports indicate a clear trend towards increasing the use of tax incentives to encourage companies to invest in R&D activities and to reduce their associated costs.
For more information, please see the Romanian version of the article, here.
