Dr. Brian Keegan:

It is very hard to say because it has not been in existence long. I do not mean to be flippant in any way . I think it is only in its second year of operation. I am not clear that there is any particular evidence even from the returns of the extent of its take up. All I can say about the knowledge development box is that, unusually, it was not designed to be compliant with OECD regulations. They took the OECD regulations and applied them in the design of it. There was already an OECD-proof structure for knowledge development box regimes. They are available in a number of different territories. It would have been brought in to complement the overall Irish tax incentive offering. It sits alongside research and development so there is the research and development relief and then by virtue of the fact that a company is doing research and development, it can then apply what it has developed further in pursuit of the knowledge development box tax relief as well.