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Talks Under Way to Add Patent Box to U.S. Tax Code

Some businesses would win, some would lose, under proposals lawmakers are drafting to impose a lower tax rate on income generated from intellectual property housed in the U.S.

By Richard Rubin, Bloomberg | Updated on June 25, 2015

U.S. lawmakers are exploring a new corporate tax break that would benefit companies already adept at avoiding taxes.

The idea—known as a patent box or innovation box—would impose a lower tax rate on income generated from patents and other intellectual property housed in the U.S. This would aid technology and pharmaceutical companies trying to maintain low tax rates that they’ve achieved by booking income in overseas tax havens.

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