Oireachtas Joint and Select Committees
Thursday, 9 March 2017
Select Committee on Jobs, Enterprise and Innovation
Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage
2:00 pm
John Halligan (Waterford, Independent) | Oireachtas source
Normally the certificate is given to one invention but it has to be novel and different under the regulations. The objective is that it be useful. If somebody went to the trouble of doing innovative research on something and followed the criteria it would hardly be likely they would do it as a long-term tax scheme. I am sure they would do it for the sake of their invention and the statistics relating to SMEs and entrepreneurs appear to show that. A lot of thought, effort and research is put into inventions. I see where the Deputy is coming from but I do not know of any case where this has been used.
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