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And have Pfizer asked for changes to the patent box?
"In one stroke, the introduction of the UK patent box will help to change this dynamic".
In 2009 it set up the patent box – a vast new tax avoidance vehicle.
Osborne has angered his peers with Britain's so-called "patent box" tax incentives.
Brussels will also look into so-called "patent box" arrangements in nine European countries.
The pharmaceuticals giant welcomed the Coalition's support for the so-called "patent box", which will be introduced from April 2013.
The OECD has tried, unsuccessfully, to limit this type of tax benefit, which is also known as a "patent box".
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Other widely publicised tax breaks such as the 'patent box' special tax rate for income from intellectual property mimic concessions elsewhere.
To make matters worse, these "innovative" companies advising governments on their "life-sciences" strategies are constantly seeking handouts through R&D tax credits, or more recently through the UK Patent Boxx tax scheme introduced in 2013 (as well as in the Netherlands, Belgium and Spain, and soon in the US), with a 10% tax for income earned on patented drugs.
While the UK's competitive tax rates and the Patent Box are attractive incentives, this is far from the only reason these companies want to be here".
Business, by presenting itself as the only wealth creators, have convinced the Tories and Labour alike to introduce policies like the Patent Box (being introduced across Europe), which have no effect on innovation, just on inequality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com