Japan plans ‘innovation box’ tax break to lure R&D investments

According to The Asahi Shimbun, the industry ministry plans to offer a tax incentive for corporate innovations, such as patents and copyrights, to encourage domestic and foreign companies to establish research and development centers in Japan.
The “innovation box,” as the tax break is called, applies a preferential rate lower than the ordinary corporate tax to income from intellectual properties derived through research and development in Japan.
Target sectors are expected to include pharmaceuticals, semiconductors and electric vehicles.

https://www.asahi.com/ajw/articles/14947430