Our new regime was attacked as being too generous. It looks like a toned-down version in now acceptable to other governments.
The Organisation for Economic Cooperation and Development and the European Union's Code of Conduct Group have endorsed a compromise agreement tabled by the United Kingdom and Germany concerning the UK Patent Box and the design of similar preferential intellectual property tax regimes. The announcement follows an agreement, brokered by Germany with the UK, that the UK would limit its patent box regime, which provides for a preferential ten percent corporate income tax rate on income from patents. The UK agreed that it would grant this rate only in cases where the patent income is linked to research and development (R&D) activities carried out in the UK.