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
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I will not labour the point. Perhaps we can have a more detailed discussion with the officials or whoever in order to understand this measure between now and Report Stage. I listened to the Minister of State's response but I do not quite understand why we need this measure. If there are provisions governing the knowledge development box in the Finance Act, and other bigger companies above the thresholds are benefitting from it, I do not understand why small and medium-sized enterprises have been excluded. Are they excluded from availing of the tax break for their intellectual property assets? If they are not excluded then why do we need this legislation? I do not understand.
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